Question

Find the amount of a loan of Rs 3000 at 4 % p.a. and for 5 years.​

Answer 1

Answer:

→ 63000

Step-by-step explanation:

Here, A= amount , P= principal, r= rate, t= time

P = 3000, r= 4, t= 5, A = ?

→ A = P ( 1 + rt )

A = 3000 ( 1+ 4×5 )

A = 3000 × 21

A = 63000 rs