Question

₹ 6,050 is borrowed at 6% rate of interest p.a. for 5 years. Find the

interest and amount.

1​

Answer 1

Answer:

1815

Step-by-step explanation:

⇒Formula-

P (principle amount) x R (rate of interest) x T (time) = Interest (I)

⇒ 6050 x 6/100 (6%) x 5 = I

⇒ (6050*6*5)/100 = I

⇒ 1815 = I

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