Question

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.​

Answer 1

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

Answer 2

Answer:

=> Simple Interest = Rs. 5250

Step-by-step explanation:

Given that:-

Principal ( P ) = $Rs. 50,000$

Rate ( R ) = $3.5\%$

Time ( T ) = $3$ years

To find:- Simple Interest = ?

The formula to be used:-

$SI= \frac{P\times R\times T}{100}$

Now, plug all the given values:-

$SI=\frac{50,000\times 3.5\times 3}{100}$

    = Rs. 5250

Hence, the value of SI is Rs. 5250