Question

if $ 6000 is borrowed at 6 % per annum simple interest. find the interest and amount to be paid at the end of 3 years.​

Answer 1

Answer:

Interest=$1080

Amount=$7080

Step-by-step explanation:

here,

P=$6000

R=6%

T=3 years

SI=PRT/100=108000/100=$1080

Amount at end of 3 years = $6000+$1080 = $7080

HOPE IT HELPS,

PLEASE THANK, FOLLOW AND MARK AS BRAINLIEST.

Answer 2

Concept:

If you know the principal amount, the rate of interest, and the time periods, you can use the simple interest formula to calculate the interest.

The following is a simple interest formula:

SI = P X R X T /100

SI stands for simple interest.

Principal (P)

interest rate, or R (in percentage)

T is the time period (in years)

The following formula is used to determine the overall sum:

Sum (A) = Principal (P)+ Interest (I)

Where,

The entire amount repaid at the conclusion of the borrowing period is indicated by the letter (A).

You can also write the total amount formula for simple interest as follows:

A = P(1 + RT)

Here,

A = The overall sum as of the specified time.

P stands for the loan's initial principal amount.

R is the interest rate (per annum)

T is the taken taken in years

Given:

if $ 6000 is borrowed at 6 % per annum simple interest

Find:

Find the interest and amount to be paid at the end of 3 years.​

Solution:

here,

P=$6000

R=6%

T=3 years

SI=PRT/100=108000/100=$1080

Amount at end of 3 years = $6000+$1080 = $7080

Therefore, the amount to be paid at he end of 3 years = $7080

#SPJ2