Question

Rupees 6,050 is borrowed at 3.5% rate of interest p.a.. Find the interst and the amount to be paid at the end of 3 years

Answer 1

Interest= (P*R*T)/100
HERE
Principle(P)=6050rupee
Rate(R)=3.5%
Time=3 years
now
interest=(6050*3.5*3)/100=630.25rupee
total amount (A)=Principle+interest
A=6050+630.25=6680.25rupee