Question

3. Bhupendra borrowed 6300 for a period of 2
year 8 months at 7% rate of interest per
annum. Find out how much amount he has
to repay?​

Answer 1

Answer:

Step-by-step explanation:

convert 2 year in months =24 +8 =32

now formula

prt/100*12

we multiply by 12 because we have taken in months

6300*7*32/100*12=1176

amount tomrepay =1176+6300

Answer 2

Principal = 6300 rupees
Rate of interest = 7%
Time = 32 months = 8/3

Simple interest = PRT/100 = 6300 * 7 * 8/3 / 100 = 1176 rupees

Amount to be paid = 6300 + 1176 = 7476 rupees

* means multiply
/ means divide