Question

60000 rupees borrowed at 6.5 % per annum for 4 years. find the amount to be paid at the end of 4th year?​

Answer 1

Step-by-step explanation:

Principle = 60000 rs

Rate = 6.5

Time = 4

$simple \: interest \: = \frac{p \times r \times t}{100 } \\ = \frac{60000 \times 6.5 \times 4}{100} \\ = 600 \times \frac{65}{10} \times 4 \\ = 60 \times 65 \times 4 \\ = 15600$

Interest = 15600 rs

Amount = principle + interest

= 60000+15600

= 75600rs

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Answer 2

Answer :

Interest = 15600 rs

Amount= 75600rs

Step by Step Explanation :

Principle = 60000 rs

Principle = 60000 rsRate = 6.5

Time = 4

Simple Interest = P * T * R / 100

= 6000 * 6.5 *4 / 100

= 600 * 65/10 *4

= 60 * 65 * 4

= 15600 rs

Interest = Rs. 15600

Amount = Principle + Interest

= 6000 + 15600

= Rs. 75600

Amount = Rs. 75600

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