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

Question

asked Jan 15, 2024 156k views

1 Answer

Bauervision · Answer 1 · 2024-01-19T07:46:08+0000

Answer:

₹180

Explanation:

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

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.