Question

₹6.050 is borrowed at 6.5% rate of interest p.a. Find the interest and the amount to be paid at the end of 3 years.

Answer 1

Step-by-step explanation:

Given, Principal=6.050 ₹

Rate = 6.5% Per Annum

Time = 3 Years

$Simple Interest= \frac{p \times r \times t}{100}$

$Simple Interest= \frac{6.050 \times 6.5 \times 3}{100}$

$simple \: interest = \frac{117.975}{100}$

$simple \: interest = 1.17975 \: rupees$

$amount = principal + simple \: interest$

$amount = 6.050 + 1.17975$

$amount = 7.22975 \: rupees$

Hope it helps you...

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note: You have entered 6.050 rupees only.