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

Given P = 6050, T = 3 years, R = 6.5%.

We know that SI = PTR/100

                            = 6050 * 3 * 65/1000

                            = 1179.75.


We know that A = P + I

                            = 6050 + 1179.75

                            = 7229.75.


Therefore the amount to be paid at the end of 3 years = 7229.75.


Hope this helps!

Answer 2

Given(P=Principal, R=rate,T=time,I=interest, A=Amount)
P=6050,R=6.5%,T=3 ,I=?
I=P*R*T/100
I=6050*6.5*3/100
I=1179.75
A=I+P
A=6050+1179.75
A=7229.75
I hope it is correct