Question

4 years. Find out the
Sumona borrows a sum of 3,04,800 at 7.5%

interest per annum for 3by 1/4 year.
simple interest and the total amount she needs to
pay at the end of the loan period.​

Answer 1

Answer:

Answer

interest=

100

p∗r∗t

p = principal amount , r = rate , t = time

interest=

100

7000∗3.5∗2

interest = RS. 490

total amount = interest+ principal amount

= 7000+490= Rs 7490