rs 6050 is borrowed at6.5% rate of interest p.a.. Find the interest and the amount to be paid at the end of 3 years.
and please give clear how you divide nad multiply
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Answer:
interest= p∗r∗t/100
p = principal , r = rate , t = time
interest= 6050∗6.5∗3/100
interest = RS. 1179.75
total amount = interest+ principal amount
= 6050+1179.75 = Rs 7229.75
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