Question

₹6,000 is borrowed at the rate of 8 % p.a find the simple intrest and amount to be paid after 3 years?​

Answer 1

Simple interest ;

I=

100

PTR

=

100

6000×3×8

=1440.

Interest at the end of 3years=1440.

Compound Interest :

A=p(1+

100

r

)

n

=6000[1+

100

8

]

3

=7558.272

Interest =7558.272−6000=1558.3

Gain =15558.3−1440=118.3Rs.

Answer 2

Answer:

Therefore interest on 6000 rupees is equal to rupees 1440 and total amount to be paid in 3 year is equal to 7440 Rupees.

Step-by-step explanation:

Given:- P=6000,T=3years,R=8

To find:- I=? and A=?

Solution:- I=P×T×R/100

I=6000×3×8/100

I=1440

A=P+I

A=6000+1440

A=744

Therefore interest on 6000 rupees is equal to rupees 1440 and total amount to be paid in 3 years is equal to 7440 Rupees.

Hope this helps