A Man borrowed Rs 500 for 3 years at the rate of 5% find his interest and amount

Mathematics

1 answer:

TiliK225 [7]2 years ago

5 0

Answer:

Total amount = $575.00
I = PRT/100 = $75.00
Equation:

Total amount = interest + principle

Step-by-step explanation:

Formula:- I = PRT/100

Where,

I is interest
P is principle
R is rate
T is time

⇒ I = 500×5×3/100

⇒ I = 7500/100

⇒ I = 75

Interest is $75.00

The total amount accrued, principal plus interest, from simple interest on a principal of $500.00 at a rate of 5% per year for 3 years is $575.00.

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A Man borrowed Rs 500 for 3 years at the rate of 5% find his interest and amount​

A Man borrowed Rs 500 for 3 years at the rate of 5% find his interest and amount