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

Question

asked Nov 25, 2023 2.6k views

1 Answer

Alltom · Answer 1 · 2023-11-29T22:37:38+0000

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