Question

Rs. 3500 is borrowed at 6% rate of interest per annum. Find the interest and amount to
be paid at the end of 3 years.

Answer 1

Answer:

$p \times t \times r \100$

is the formula now

3500 × 3 × 6

__________

100

35×3×6=630

so the interest is now = 630

now total amount in 3 year = principal amount + interest

630+3500 = 4130