Question

Find the SI and Amount for Rs. 6000 borrowed at a rate of 6% for 3 years

Step by step explanation please​

Answer 1

Answer:

₹7080 ɪs ᴛʜᴇ ᴀɴsᴡᴇʀ

Step-by-step explanation:

$si = \frac{p \times r \times t}{100 } \\ = \frac{6000 \times 6 \times 3}{100 } \\ = 60 \times 6 \times 3 \\ si = 1080 \\ amout = si + principle \\ amount = 1080 + 6000 \\ amount = 7080$

Answer 2

Answer:

Hence, the simple interest is Rs.1080.

Step-by-step explanation:

As per the data provided in the given question.

The given data is as follows.

Amount for Rs.6000 borrowed i.e. Principle amount(P)=Rs.6000

Rate of interest is 6% i.e. R=6%

Time is 3 years T=3years

According to the formula of simple interest,

$Simple Interest=\frac{P\times R\times T}{100}$

Substitute the value of p, r and t.

We get,

$=\frac{6000\times6\times3}{100} \\=60\times6\times3\\=Rs.1080$

Hence, the simple interest is Rs.1080.