IF I BORROWED RUPEES 9500 AT 13 PERCENT ANNUM PER YEAR HOW MUCH DO I HAVE TO RETURN IN THE END 3 YEARS WITH THE INTREST
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Answer:
principal = 9500
Rate = 13 %
time= 3 years
Simple interest = p*r*t/100
9500 * 13 * 3/100
95*13*3
3705
amount to be paid = 9500+3705 = 13205
I have calculated the simple interest but if you want to calculate compound interest then the formula is p(1+r/100)^t
you didn't included what you want simple interest or compound please be careful from next time
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