Question

₹10000 is borrowed at 3.5% rate of interest p.a., for 3 years. Find

the amount to be paid at the end of 3 years.​

Answer 1

Answer:

P = 10000

R = 3.5

T = 3

I = PRT/10p

I = 10000 x 3.5 x 3 / 100

I = 100 x 3.5 x 3

I = 1050

Amount paid after 3 years = 10000+1050

= 11050