A sum of rs 6050 is borrowed at 6.5 rate interest per annum. Find the interest and the amount to be paid at the end of 3 years
Answers
Answered by
96
For finding,
6.5 % of 6050 we get, 393.25
this is the interest for one year..
Now the interest for 3 years will be:-
3×393.25=1179.75
Amount= Principle + interest
6050+1179.75=7229.75 rs
6.5 % of 6050 we get, 393.25
this is the interest for one year..
Now the interest for 3 years will be:-
3×393.25=1179.75
Amount= Principle + interest
6050+1179.75=7229.75 rs
narwndrammodi:
it could be 65/10
Answered by
144
Given Principal = 6050, n = 3 years, R = 6.5%.
We know that I = P * T * R/100
= 6050 * 3 * 6.5/100
= 117975/100
= 1179.75.
We know that Amount = P + I
= 6050 + 1179.75
= 7229.75.
Hope this helps!
We know that I = P * T * R/100
= 6050 * 3 * 6.5/100
= 117975/100
= 1179.75.
We know that Amount = P + I
= 6050 + 1179.75
= 7229.75.
Hope this helps!
Similar questions