7. Shilpa took loan of Rs. 800 at the rate of 11% per year for!
RS. 800 at the rate of 11% per year for 7 months. How much does
she need to pay at the end of 7 months?
1) Rs. 851 2) Rs. 8523) Rs. 50 4) Rs. 951 5) None of these
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ok ask for the question the principal is equals to 800 rupees rate of interest is equals to 11% per year and the time is 7 months make sure that the rate of percent is written per annum so we have to convert the 7 months into year so it will be 7 division 12 .
now we will find out the SI that is simple interest for which the formula is SI =P×R×T whole divided by 100.
show the SI=800×11×7/12 WHOLE DIVIDED BY 100
51.33/-
so amount is approx : 800 + 51.33 = 851. 33 or approx 851/-.
so the answer is option 1
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