Question

2. Samarth borrowed Rs.10,000 from a private bank for 2 years 8

Months at 12% per annum.What amount will clear off his debt?​

Answer 1

Answer:Given principal = 6000 Rs

Time = 3 years 8 month =

3

11

​

years.

Rate = 12% per annum

We know simple interest =

100

PRT

​

SI=

100

6000×12

​

×

3

11

​

SI=24×11=2640

SI=2640Rs

Now amount = principal + SI

= 6000+2640

[ amount = 8640 Rs]

∴ 8640 Rs is that amount which will clear off her debt.

Step-by-step explanation: