2. What amount must be repaid on August 1 2019, if 8650 is barrowed on august 1 2018 at
6% simple interest?
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Answer:
₹9169
Step-by-step explanation:
P = ₹8650
T = 1 year
R = 6
S.I. = PTR / 100
= [8650 × 1 × 6] / 100
= 51900 / 100
= ₹519
A (total amount) = P + S.I.
= ₹8650 + ₹519
= ₹9169
Therefore, the amount to be paid at the end of one year will be ₹9169.
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