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.
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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
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