Question

Find the amount to be paid at the end of 3 years when principal

is Rs 1500 and the rate of interest is 6% per annum.​

Answer 1

Answer:

1770

SI= PTR/100

= 1500×3×6/100

= 270

TOTAL AMOUNT= PRINCIPAL AMOUNT+ SI

= 1500+270

= 2770

Answer 2

Answer:

Hence, value of interest will be Rs. 270 while the value of Amount will be Rs. 1770

Step-by-step explanation:

In context to question asked,

We have to determine the value of interest paid.

As per question,

We have,

P = Rs. 1500

Rate = 6% annum

Time = 3 years

As we know that,

The value of simple interest can be determined by using the formula,

$SI = \frac{PRT}{100}$

So, for determining the value of Interest we will put the value of P, R and T given in the question in above formula,

Thus we will get,

$SI = \frac{1500 \times 6\times 3}{100} \\= 16 \times 6\times 3\\=>45 \times 6\\=>Rs.\:270$

Hence, value of simple interest will be Rs. 270

And value of amount can be determined by using the formula

$Amount = Principal + SI$

So, value of amount will be $Rs.\:1500+Rs.\:270= Rs.\:1770$