Question

₹9750 is borrowed at 3.5% rate of interest per annum for 3 year. Find the amount to be paid at the end of 3 year

Answer 1

answer-

principal = 9750

rate of interest = 3.5%

time = 3 years

formula for interest = p*r*t /100

so, interest = 9750*3.5*3  / 100

interest = 102375 / 100

interest = 1023.75

amount = principal + interest

amount = 9750 + 1023.75

amount = 10773.75

amount to be paid at end of 3 years = 10773 rupees and 75 paise

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