Question

36. On a principal of 3 30000, an interest of 2400 was paid for 1 year.
Determine the rate of interest.
37. A man borrowed * 800 at 12% per annum for 5 yea. 3. What amount
shall he have to return at the end of 5 years?​

Answer 1

Answer:

36. 8% rate is the right answer

37. 1280 is the right answer

Answer 2

Answer:

36. Answer 1.375%

37.Answer 1280

Step-by-step explanation:

36. Principle is 330000

interest is 2400

Time is 1 years

Then, Rate of Interest= 2400×100/330000×1=240000/330000=23/33=1.375%

37. Principle=800

Rate of interest per annum=12%

Time=5years

Simple interest=800×12×5/100=480

Therefore,Amount of money returned at the end of 5 years=800+480=848

Hope this Answer will help you....