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Find the interest to be paid at the end of 3 years if principal = RS 600 and Rate=10%

User Lolo
by
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1 Answer

6 votes

Answer:

₹180

Explanation:

You want the interest to be paid at the end of 3 years if Principal = RS 600 and Rate = 10%.

Interest

The formula for the amount of interest is ...

I = Prt

Using the given values for Principal, rate, and time, we find the interest to be ...

I = ₹600·0.10·3 = ₹180

The interest to be paid is ₹180.

User Bauervision
by
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