Question

2) Sanjay borrowed Rs 25000 at 12 p.c.p.a. for a year. What amount will he have to return to
the bank at the end of the year?
or​

Answer 1

Answer:

28000 Rs.

Step-by-step explanation:

Given:-

Principal = 25000 Rs.

Rate = 12 p.c.p.a

Time = 1 year

Interest = ?

Amount = ?

$\frac{principal \: \times \: rate \: \times \: time}{100} = \: interest$

$\frac{25000 \times 12 \times 1}{100 } = 3000$

Interest = 3000 Rs.

Amount = Principal + Interest

= 25000 + 3000

= 28000 Rs.

Done!

Hope it helps..

Answer 2

Answer:

28000

see explanation

Step-by-step explanation:

Given : Principal (p) = ₹25000

Rate of interest (R) = 12%

Time (T) = 1 Year

Interest = P×R×T

-------------

100

= 25000×12×1

---------------------

100

= 300000

--------------

100

= 3000 rupee's

Therefore, amount = Principal + Interest

= 25000+3000

= 28000

Hence, Sanjay will have to return 28000 rupee's to the bank at the end of year.

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