Question

rupees 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

Answer 1

Answer:

Step-by-step explanation:

Amount to be paid after 3 years, A =  P + I

P = Principal amount borrowed.

I = Interest to be paid at the end of 3 years.

I = ( P x R x T) / 100

R = Rate of Interest

or

R% = Rate per cent per annum. per cent means per each 100.

T    = Time period or time taken by the borrower.

P = 6050

R = 6.5

T = 3

I =  (6050 x 6.5 x 3) / 100

I =  (6050/100) x 6.5 x 3

I =  (60.5) x 6.5 x 3

A = P + I = 6050 + 1179.75 = 7229.75

Amount to be paid after 3 years is 7,229.75 .

Answer 2

Given that:-

Principal (P) = $6050$

Time (T) = $3$

Rate (r) = $6.5\%$

To find:-

The interest and the total amount,

According to the formula of simple interest we have,

=> $S.I. = \frac{(Principal (P) \times Time (T) \times Rate (r))}{100}$

So, from the above values,

=>

Simplifying it further, we get

=> $\frac{117975}{100}$

=> 1179.75

So, the simple interest is $1179.75$

Now for calculating the amount,

=> $A = 6050+1179.75$

=> A = $Rs .7229.75$

Hence, the total amount will be $Rs .7229.75$