Question

2) Namita borrowed Rs 50,000 for 3 years at the rate of 3.5% per annum. Find the interest accumulated at the end of 3
years.
​

Answer 1

Answer:

5250

Step-by-step explanation:

formula of si= p×r×t/100

per annum=3.5

Rs=50,000

time=3

3.5×50,000×3/100

5250.0

5250

Answer 2

The simple interest is Rs. 5250.

Given,

Namita borrowed Rs 50,000 for 3 years at the rate of 3.5% per annum.

To Find,

The interest accumulated at the end of 3 years.

Solution,

We can solve the question as follows:

It is given that Namita borrowed Rs 50,000 for 3 years at the rate of 3.5% per annum. We have to find the interest accumulated at the end of 3 years.

$Principal = Rs.\: 50,000$

$Rate = 3.5$%

$Time = 3\: years$

The formula for finding the simple interest is given as:

$Simple\: interest = \frac{Principal*Rate*Time}{100}$

Substituting the values in the above formula,

$Simple\: interest = \frac{50000*3.5*3}{100}$

                         $= 500*3.5*3$

                         $= Rs.\: 5250$

Hence, the simple interest is Rs. 5250.

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