rupees 6050 is borrowed at 6.5% rate of interest per annum find the interest in the amount to be paid at the end of 3 years
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simple interest =P×R×T÷100=6050×6.5×.3÷100=117.95
therefore interest to be paid at the end of 3 years=117.95+6050=6167.95
therefore interest to be paid at the end of 3 years=117.95+6050=6167.95
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