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.
Answers
Answered by
1
Answer:
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Step-by-step explanation:
Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (2000 × 5 × 5)/100
= Rs 500
Answered by
3
Step-by-step explanation:
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