Question

Find the amount to be paid at the end of 3 years if
principal= 5000 rupees at the rate of 6% per annum​

Answer 1

$\large\underline\green{\sf{Given- }}$

$\sf{Prinicipal\: amount\:=\: 5000\:Rs}$

$\sf{Rate\: =\:6\:\%\:per\:annum}$

$\sf{Time\: =\:3\:years}$

$\large\underline\green{\sf{Formula\: used- }}$

Concept of simple interest has to be used here.

$\sf\longmapsto{Simple\:Interest\:=\:\dfrac{Principal\:Amount \times Rate \times Time}{100}}$

$\sf\longmapsto{Amount\:=\:Principal\:amount + Simple\:interest}$

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Now, let's solve the question!!

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$\sf\longmapsto{Simple\:Interest\:=\:\dfrac{5000 \times 6 \times 3}{100}}$

$\sf\longmapsto{Simple\:Interest\:=\:\dfrac{90000}{100}={\boxed{900}}}$

$\sf\longmapsto{Amount\:=\:5000+900\:=\:5900\:Rs}$

$\large\underline\green{\sf{Answer- }}$

$\sf\longmapsto{Total \:amount\:is\:5900\:Rs.}$

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$\large\underline\green{\sf{Just\:to\:know\:more- }}$

If time is given in months then,

$\sf\longmapsto{Simple\:Interest\:=\:\dfrac{Principal\:Amount \times Rate \times Time}{100 \times 12}}$

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@BrainlicaLDoll

Answer 2

Step-by-step explanation:

P=5000

R=6•\•

T=3years

SI = 5000×6×3/100

SI=900

Amount=5900