TANCET MCA Interest Previous Year Questions (PYQs)
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Cynthia has borrowed Rs. 6,000 at the
rate of 7% S.I. What amount does she
need to pay after 3 years to clear the
debt?
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Solution
Principal (P) = 6000
Rate (R) = 7%
Time (T) = 3 years
Simple Interest (S.I.) = (P × R × T) / 100
= (6000 × 7 × 3) / 100 = 1260
Total Amount = P + S.I. = 6000 + 1260 = 7260
Answer: ₹7260
Rate (R) = 7%
Time (T) = 3 years
Simple Interest (S.I.) = (P × R × T) / 100
= (6000 × 7 × 3) / 100 = 1260
Total Amount = P + S.I. = 6000 + 1260 = 7260
Answer: ₹7260
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