The amount of loan to be paid back if the borrowed sum is ₹ 10,000 , at a rate of 11% interest per annum under simple interest for a period of 3 years will be equal to

₹ 13,600

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₹ 13,300

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₹ 14,600

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₹ 14,300

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Solution

The correct option is B
₹ 13,300

Using the formula I = $I = \frac{P T R}{100}$ and substituting

P = $₹ 10, 000, R = 11 %, T = 3$ years, we have

$I = \frac{10, 000 \times 11 \times 3}{100} = ₹ 3300$

Amount $= P + I = 10, 000 + 3, 300 = ₹ 13, 300$

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The amount of loan to be paid back if the borrowed sum is ₹ 10,000 , at a rate of 11% interest per annum under simple interest for a period of 3 years will be equal to

The correct option is B ₹ 13,300 Using the formula I = I=PTR100 and substituting P = ₹ 10,000,R=11%,T=3 years, we have I=10,000×11×3100=₹ 3300 Amount =P+I=10,000+3,300=₹ 13,300

The correct option is B
₹ 13,300

Using the formula I = $I = \frac{P T R}{100}$ and substituting

P = $₹ 10, 000, R = 11 %, T = 3$ years, we have

$I = \frac{10, 000 \times 11 \times 3}{100} = ₹ 3300$

Amount $= P + I = 10, 000 + 3, 300 = ₹ 13, 300$