Question

Find the amount to be paid at the end of 3 years in Principal- 7000 at 6% p.a.​

Answer 1

Answer:

= 8625. The amount to be paid = 8625 rupees.

Step-by-step explanation:

Answer 2

Answer:

The amount to be paid at the end of 3 years in Principal- 7000 at 6% p.a. is Rs 8260.

Step-by-step explanation:

Given: Time (n) = 3 years

Rate (R) = 6%

Principal (p) = Rs 7000

Find Interest and amount

Step 1: Find interest by using formula

Interest (I) =$\frac{PNR}{100}$

$=\frac{7000 \times 3 \times 6}{100} \\= 70 \times 18\\= 1260 rs.$

Step 2: Find the amount

Amount = Interest + Principal

= 1260 + 7000

= 8260 Rs

So,  the amount to be paid at the end of 3 years in Principal- 7000 at 6% p.a. is Rs 8260.