Question

Q.9. If Rita borrowed Rs.6050 at 6.5% rate of interest per annum, find the simple interest and the amount to
be paid at the end of 3 years.​

Answer 1

Gɪᴠᴇɴ :-

• Principal (P) = ₹ 6050

• Rate (R) = 6.5%

• Time (T) = 3 years

ᴛᴏ ғɪɴᴅ :-

• Amount(A)

• Simple Interest (SI)

sᴏʟᴜᴛɪᴏɴ :-

We know that,

$Simple \: Interest \: = \frac{Principal(P) \times Rate(R) \times Time(T)}{100}$

On putting the above given values in it, we get,

$\implies \: Simple \: Interest = \frac{6050 \times 6.5 \times 3}{100} \\ \\ \implies \: \frac{605 \times \times 65 \times 3}{100} \\ \\ \implies \: \frac{117975}{100} \\ \\ \implies \: 1179.75$

Now,

➦ Simple Interest (SI) = 1179.75

We know that,

➦ Amount (A) = Intetest (I) + Principal (P)

➦ A = 1179.75 + 6050

➦ A = 7229.75

Hence,

• Amount (A) = 7229.75

• Simple Interest (SI) = 1179.75

Answer 2

Answer:

Hope this helped you ✌✌