Question

if rupees 6000 is borrowed at 6.5 per annum simple interest,find the interest and the amount to be paid at the end of 3 years.

Answer 1

Here according to statement

Principle=6000
Rate on interest=6.5 %
Time =3years

Interest=PxTxR. = 6000x6.5x3/100=1170
100.

So, interest is 1170

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