Question

3. Ashu borrowed 7500 on 26 March from a bank at the rate of 8% per annum simple interest. If he wants to
clear the account on 7th June, then what amount will he have to pay?
4. A sum of money lent out at simple interest amounts to 7 2880 in 2 years and to? 3600 in 5 years. Find the sum
of money and the rate of simple interest.​

Answer 1

Answer:

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Step-by-step explanation:

P=7500

R=8%

T=73/365=1/5YAAR

SI=PRT/100=7500×8×1/500=120

AMOUNT=7500+120=7620