Question

Find the interest and amount to be paid at the end of 3 years on 6050 at 6.5% rate of interest.​

Answer 1

Given :-

Principal = ₹6050

Rate = 6.5%

Time = 3 years

Interest = ?

Amount = ?

Interest = P × R × T/100

= 6050 × 6.5 × 3/100

= 6050× 65 × 3/100 × 10

= ₹ 117975

Amount = Principal + Interest

= 6050 + 117975

= ₹ 124025