Question

Find the Amount (A) (Principal Rs 50000 Time = 7 years interest = 3%​.​

Answer 1

Answer: Rs 60500

Explanation:

Principal = Rs 50000 = p

Time = 7 years = t

Simple interest rate = 3% = r

Interest = p*t*r/100

using above formula,

50000*7*3/100=10500

So, final amount = principal + interest = 50000+10500 = Rs 60500