The amount of loan to be paid back if the principal is Rs. 5000 at a 11% interest per annum for 3 years will be ________.

Rs. 6660

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs. 6760

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs. 6650

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs. 6640

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Rs. 6650

Given P = $R s . 5000, R = 11 %, T = 3$ years
I = $\frac{P T R}{100} = \frac{5000 \times 11 \times 3}{100} = R s . 1650$
Amount = P + I = $5000 + 1650 = R s . 6650$

Suggest Corrections

Similar questions

The amount of loan to be paid back if the principal is ₹ 5000 is taken at a rate of 11% interest per annum under simple interest for a period of 3 years will be equal to

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 ________ .

Q. Calculate the amount to be paid at the end of 3 years for a principal of Rs 5,000 lent at an interest of 5% per annum compounded annually.

Q. Find the amount to be paid after 5 years for a principal amount of ₹300 at 2% per annum simple interest.

Q. What will be the amount and compound interest, if

R s . 5000

is invested at

8 %

per annum for

2

years?

Join BYJU'S Learning Program

The amount of loan to be paid back if the principal is Rs. 5000 at a 11% interest per annum for 3 years will be ________.

The correct option is C Rs. 6650 Given P = Rs.5000,R=11%,T=3 years I = PTR100=5000×11×3100=Rs.1650 Amount = P + I = 5000+1650=Rs.6650

The correct option is C
Rs. 6650

Given P = $R s . 5000, R = 11 %, T = 3$ years
I = $\frac{P T R}{100} = \frac{5000 \times 11 \times 3}{100} = R s . 1650$
Amount = P + I = $5000 + 1650 = R s . 6650$