Question

Rupees 6050 is borrowed at 6.5 rate of interest paid find interest and amount to be paid at the end of the second year

Answer 1

Answer:

interest = 786.5

Amount Paid = 6836.5

Step-by-step explanation:

Assuming Simple Interest

Interest = 6050*6.5*2/100 = 786.5

Amount to be paid = 6050 + 786.5 = 6836.5