Question

Rs.6,050 is borrowed at 6.5% rate of interest p.a.. Find the interest and the amount to be paid at the end of 3 years.​

Answer 1

Answer:

Simple Interest = Rs. 1179.75

Amount = Rs. 7229.75.

Step-by-step explanation:

Given : Principal = Rs. 6050

Rate of Interest = 6.5 %

Time = 3 years

To find : Interest , Amount

Solution : Principal = Rs. 6050

Rate of Interest = 6.5 %

Time = 3 years

$\boxed{\tt{Simple\:Interest=\frac{Principal \times Time \times Rate\:of\:Interest}{100} }}$

Simple Interest = 6050 * 3 * 6.5/100

= 117975/100

= 1179.75

Therefore Simple Interest = Rs. 1179.75

$\boxed{\tt{Amount=Principal+Simple\:Interest}}$

Amount = 6050 + 1179.75

= 7229.75

Therefore the amount to be paid at the end of 3 years = Rs. 7229.75

Answer 2

HERE

principal=6050

rate=6.5%

time=3 yrs

we know that SI = P×R×T/100

so SI = 6050×6.5×3/100

SI = 1179.75

Amount=PRINCIPAL+SI

AMOUNT= 6050+1179.75

Amount = 7229.75