2.
Hari borrowed 450 from his friend at 6% per annum. He returned the amount after eight months. How much money did he pay?
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Answered by
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Answer:
Hari payed Rs. 468 to his friend.
Given:
P = Rs. 450
R = 6% per annum
T = 8 months = 8/12 = 2/3 Years.
Need To Find:
Money payed Hari to his friend = ?
Explanation:
Formula used here:
S.I = P × R × T/100
Putting the values according to the given formula:
➠ S.I = 450 × 6 × 2/3 /100
➠ S.I = 450 × 6 × 2/100 × 3
➠ S.I = 18
Hence, the simple interest = Rs. 18.
Now,
Formula used here:
Amount = P + S.I
Putting the values according to the given formula:
➠ Amount = 450 + 18
➠ Amount = Rs. 468
Hence, Hari payed Rs. 468 to his friend.
Additional Information:
Here,
P is used for Principal.
R is used for Rate of Interest.
T is used for Time.
S.I is used for Simple Interest.
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