Question

6050 rupees is borrowed at 6.5% rate of interest per annum find the interest and amount to be paid at the end of end of 3 years

Answer 1

6.5 % of 6050= 0.065×6050= 393.25
so interest for 3 years will be 3×393.25=1179.75
and as amount =principle+ interest so amount=6050+1179.75=7229.75rs at the rate of simple interest of 6.5 %