Question

rupees 5400 is borrowed at 4.5 % rate of interest per annum for 3 year find the amount to be paid at the end of the third year​

Answer 1

Answer:

Principal = ₹5400

Rate = 4.5%

Time = 3 yrs

S.I. =  PRT/100

    = 5400*4.5*3/100

    = 5400*45*3/100*10

    = ₹729

Amount = ₹5400 + ₹729

             = ₹6129

Answer 2

Answer:

The amount to be paid after 3 years is Rs.6129.

Step-by-step explanation:

The formula to find the accumulated amount is,

$A=P(1+\frac{NR}{100})$

where $P$ is the principal, $R$ is the rate of interest per annum and, $N$ is the number of years.

Here, we have

$P= 5400\\\\R=4.5%\\\\N=3$

Substitute these values in the formula, we obtain,

$A=5400(1+\frac{3\times 4.5}{100})=5400\times 1.135=6129$

The amount to be paid after 3 years is Rs.6129.