Question

11. What is the amount to be repaid after 3 years on a loan of Rs.3600 borrowed at an interest of 12% per
annum

Answer 1

• Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.
• Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.We know that simple interest = (P × T × R)/100
• Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.We know that simple interest = (P × T × R)/100On substituting these values in above equation we get
• Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.We know that simple interest = (P × T × R)/100On substituting these values in above equation we getSI = (2000 × 5 × 5)/100
• Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.We know that simple interest = (P × T × R)/100On substituting these values in above equation we getSI = (2000 × 5 × 5)/100= Rs 500

Answer 2

Required answer:

Principal = 3,600

Rate of intetest = 12℅ P.A

Time = 3 years.

Simple Interest = P × R × T/ 100

= 3600×12 × 3/100

= 1,296

Amount to be repaid after 3 years = (P + S.I)

= 3600+1296

= 4896

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