Question

calculate the amount if Rs 1,50,000 is lent at 5.5% p.a. simple interest for three years​

Answer 1

Answer:

S.I.=(P×R×T)/100

=(150000×5.5×3)/100

=24750

AMOUNT=P+S.I.

=150000+24750

=174750

Answer 2

Answer:

The answer is 24750

Step-by-step explanation:

All you need to do is calculate 5.5% of the whole amount and multiple it by 3.

$3( \frac{5.5}{100} \times 150000)$

You will get the answer 24750. This is the amount of interest charged.

• So your amount will be: 150000+24750=174750