Question

find the amount be paid ,if rs6050 borrowed at 6.5% per annum for 3 years

Answer 1

Amt is equal to 1,17,975
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Answer 2

Rs 7229.75

Step-by-step explanation:

Principal Amount = Rs 6050

Rate = 6.5%

T = 3 years.

So,  Simple Interest = $\frac{P \times R \times T}{100}$

S.I  = $\frac{6050 \times 6.5 \times 3}{100}$

So, simple interest on the amount is Rs. 1179. 75 .

Hence, the Amount paid = Principal + S.I

⇒  A   =  Rs 6050 + Rs 1179.5 = Rs 7229.75