Rs 6050 is borrowed at 6.5 % rate of interest p.a . Find the interest and amount to be paid at the end of 3 years ( do in copy by cutting the numbers )
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Step-by-step explanation:Rs 6050 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.
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QUESTION:-
Rs 6050 is borrowed at 6.5 % rate of interest p.a . Find the interest and amount to be paid at the end of 3 years
GIVEN:-
Borrowed = Rs 6050 , Rate of interest = 6.5%
TO FIND:-
The interest and amount to be paid at the end of 3 years
ANSWER:-
Given Principal = 6050, n = 3 years, R = 6.5%.
We know that I = P * T * R/100
= 6050 * 3 * 6.5/100
= 117975/100
= 1179.75.
We know that Amount = P + I
= 6050 + 1179.75
= 7229.75Rs
Hope it helps :D
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