Question

6. Rahul gave a loan of Rs 500 at the interest rate of 10 % to Sunanda. Sunanda returned the money after 3 months with interest. How much amount did Rahul get ? ​

Answer 1

Answer:

₹ 150

Step-by-step explanation:

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Answer 2

Answer:

650 if calculated monthly and 512.5 if calculated yearly since you haven't really mentioned that.

Step-by-step explanation:

principal: 500

rate of interest: 10%

time: 3 months and if calculated yearly, time: 1/4

therefore interest = (500 x 10 x 3)/100 = 150

amount = 150 + 500 = 650

BUT IF INTEREST IS CALCULATED YEARLY,

interest = (500 x 1 x 10) / (4 x 100) = 12.5

therefore amount = 12.5 + 500 = 512.5