Sohan has borrowed Rs. 5000 at the rate of 6% S.I. what amount he needs to pay after 3 years to clear the debt?

Options

A. Rs. 6300
B. Rs. 6100
C. Rs. 5900
D. Rs. 5500

Answer

To find out how much Sohan needs to pay after 3 years to clear his debt, we can follow these steps:

### Step 1: Identify the given values
- Principal (P) = Rs. 5000
- Rate of Interest (R) = 6% per annum
- Time (T) = 3 years

### Step 2: Use the formula for Simple Interest (SI)
The formula for calculating Simple Interest is:
\[ SI = \frac{P \times R \times T}{100} \]

### Step 3: Substitute the values into the formula
Substituting the known values into the formula:
\[ SI = \frac{5000 \times 6 \times 3}{100} \]

### Step 4: Calculate the Simple Interest
Now, we perform the calculations:
\[ SI = \frac{5000 \times 18}{100} = \frac{90000}{100} = 900 \]
So, the Simple Interest for 3 years is Rs. 900.

### Step 5: Calculate the Total Amount to be paid
The total amount (A) to be paid after 3 years is given by:
\[ A = P + SI \]
Substituting the values we have:
\[ A = 5000 + 900 = 5900 \]

### Final Answer
Sohan needs to pay Rs. 5900 after 3 years to clear the debt.

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