1) Sam lent out Rs.10000 for 5 years at 18 % per annum and borrowed Rs.8000 for 6 years
at 12% per annum. Calculate the interest he got and the interest that he paid.
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Answered by
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Step-by-step explanation:
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Answer:
he got 750 rupees as intrest and he paid.480 rupees
Step-by-step explanation:
Sam lent out (P) =₹10000
Time (T) = 5 years
Rate of intrest (R) =18%
formula of simple intrest = P×R×T/100×12
= 10000×18×5/100×12
=₹750
Sam borrow out (P) = ₹8000
Time (T) = 6 years
Rate of intrest (R) = 12%
formula of simple intrest = P×R×T/100×12
= 8000×12×6/100×12
= ₹480
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