Question

Sanjay borrows a sum of Rs. 10000 from a bank at 6% simple interest per annum for a period of 3 years. How much interest does he pay at the end of 3 years?

Please answer correctly.

If you answer correctly I will mark you as the brainliest.​

Answer 1

Answer:

according to question Sanjay borrows a sum of Rs. 10000 from a bank at 6% simple interest per annum for a period of 3 years.

To find : interest he paid

we have : P = Rs 10000        R = 6%           T = 3 years

formula for S.I :

S.I = P x R x T / 100

    = 10000 x 6 x 3 / 100

     = 180000 / 100

     = 1800

therefore , interest paid by Sanjay at the end of 3 years is Rs 1800.

Answer 2

Given,

Sanjay barrows a sum of rupees $10000$ from a bank at $6$% simple interest per annum for a period of $3$ years.

From the given information,

Principal $=10000$, Rate $=6$%, Time period $= 3$years

Formula,

Simple interest $=\frac{PTR}{100}$

Substitute given values in the formula, we get simple interest.

Simple interest $=\frac{10000\times6\times3}{100}$

Simple interest $=$ $1800$

Therefore, $1800$ rupees he pay at the end of $3$ years.