Question

6,050 is borrowed at 6.5% rate of interest p... Find the interest and the amount to be paid at the end of 3 years ​

Answer 1

Answer:

interest=

100

p∗r∗t

p = principal amount , r = rate , t = time

interest=

100

6050∗6.5∗3

interest = RS. 1179.75

total amount = interest+ principal amount

= 6050+1179.75 = Rs 7229.75

Step-by-step explanation:

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Answer 2

Answer:

7229.75

Step-by-step explanation:

Amount to be paid after 3 years, A =  P + I

P = Principal amount borrowed.

I = Interest to be paid at the end of 3 years.

I = ( P x R x T) / 100

R = Rate of Interest

or

R% = Rate per cent per annum. per cent means per each 100.

T    = Time period or time taken by the borrower.

P = 6050

R = 6.5

T = 3

I =  (6050 x 6.5 x 3) / 100

I =  (6050/100) x 6.5 x 3

I =  (60.5) x 6.5 x 3

A = P + I = 6050 + 1179.75 = 7229.75

Amount to be paid after 3 years is 7,229.75 .