Question

Anita borrowed ₹6000 from a bank at 15% interest rate per annum. Find the interest and

amount to be paid at the end of 3 years.

Answer 1

Answer: The interest and amount to be paid at the end of 3 years is Rs.8700

Explanation:

let P ,R, T be the Principle amount , Rate of interest and Time

• Given that ,

P= 6000rs

R= 15%

T=3 years

• Interest= PRT÷ 100

=6000rs×15r×3t÷100

=2700rs

• value to be paid after 3 years = 6000rs+2700rs

= 8700rs