2) Manu borrowed rs.8500 at the rate of 5% interest per annum for 150 days. Find the interest and amount he paid.
Answers
Answered by
9
Answer:
Amount to be paid=principal amount+Simple interest
Simple interest=P×R×T100P×R×T100 where P is the principal amount ,T is time and R is the rate of the interest.
Simple interest=10,000×15×2100=300010,000×15×2100=3000
Amount to be paid=10,000+3000=Rs.13000
Answered by
9
Given:
Money Borrowed = Rs. 8500
Rate = 5%
Time = 150 days
To find:
The interest and amount he paid.
Solution:
Time = 150 days
= 150/365 ( In one year there are 365 days)
Using the formula of Simple Interest -
SI = PRT/100
= (8500 × 5 × 150/365)/100
= (8500 × 150/73)/100
= 174.6
Amount = SI + P
= 8500 + 174.6
= 8674.6
Answer: The interest is Rs. 174.6 and the amount to be paid is Rs. 8674.6
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