Namita borrowed Rs 50,000 for 3 years at the rate of 3.5% per annum. Find the interest accumulated at the end of 3 years.
Answers
Answered by
9
Step-by-step explanation:
Solution:
P = Rs 50,000
R = 3.5%
T = 3 years
SI = (P × R ×T) / 100 = (50,000× 3.5 ×3) / 100 = Rs 5250
Answered by
0
Answer:
=> Simple Interest = Rs. 5250
Step-by-step explanation:
Given that:-
Principal ( P ) =
Rate ( R ) =
Time ( T ) = years
To find:- Simple Interest = ?
The formula to be used:-
Now, plug all the given values:-
= Rs. 5250
Hence, the value of SI is Rs. 5250
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