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Rs. 6,050 is borrowed at 6.5% …

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Rs. 6,050 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.

Posted by Gurleen Kaur 6 years, 6 months ago

CBSE > Class 07 > Mathematics

1 answers

Sia ? 6 years, 6 months ago

P = Rs. 6050
R = 6.5% p.a.
T = 3 years
{tex}\therefore{/tex} Interest to be paid at the end of 3 years.
= {tex}\frac{P R T}{100}=\frac{6050 \times 6.5 \times 3}{100}{/tex}
= Rs. 1179.75
{tex}\therefore{/tex} Amount to be paid at the end of 3 yeras
= Principal + Interest
= Rs. 6050 + Rs. 1179.75
= Rs. 7229.75.

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CBSE > Class 07 > Mathematics