Question

rupees 6,050 is borrowed at 6.5 % rate of interest p. A. Find the interest and amount to be paid paid at end of the three years

Answer 1

Principal=6050
Rate=6.5% p.a.
Time=3 years
S.I. =P×R×T/100
=6050×65×3/100×10=272.22
A=P+SI=6050+272.22=6322.22