Question

A farmer borrowed ₹25000 from a sahakari Bank at 3p.c.p.c . What amount he will pay to the bank at the end of the year


Write answer in detail​

Answer 1

Correct Question :

A farmer borrowed ₹25000 from a sahakari Bank at 3p.c.p.c . What amount he will pay to the bank at the end of the year.

Detailed Explanation :

In this question first we will put formula of interest and then formula of amount so that it will give us the required amount.

Given :

Principal (P) = ₹25000

Rate (R) = 3 p.c.p.a = 3%

Number of years (N) = 1 year ( at the end of the year)

To Find :

• What amount he will pay to the bank at the end of the year ?

Solution :

Let the interest be a.

By putting formula ,

$interest \: = \frac{p \times r \times t}{100}$

$a \implies \: \frac{25000 \times 3 \times 1}{100}$

$a \: \implies \: \frac{75000}{100}$

$a \: \implies ₹750$

• ∴ Interest = ₹750.

Now ,

For finding the amount,

Let us suppose the amount to be y.

We will use the formula of amount .

∴ Amount = Principal + Interest

y = 25000 + 750

y = ₹25750.

∴ The farmer will pay ₹25750 at the end of the year.

Answer 2

$\huge \star \rm \underline \color{magenta}{required \: answer}$

$\huge \underline \bold \color{red}{given \ratio}$

• Principal (P) = 25,000

• Rate of interest (R) = 3 p.c.p.a = 3℅

• Time (T) = 1 year (At the end of the year)

$\huge \underline \bold \color{purple}{to \: find \ratio}$

• What amount he will pay to the bank at the end of the year

$\huge\rm \underline \color{red}{solution}$

$\huge \rm \color{blue}{interest = \frac{p \times r \times t}{100}}$

$\huge \ratio \implies \huge \rm \color{hotpink}{ \frac{25000 \times 3 \times 1}{100}}$

$\huge \color{green}{ = 750}$

$\huge \rm \color{blue}now,$

For finding the amount,

let the amount be x

We know that,

Amount = Principal + s.I (Simple Interest)

so,

x =25,000 + 75

∴ x (Amount) = 25,750

Therefore, the farmer will pay 25,750 at the end of the year

__________________________

Detailed Explaination:-

In the given question, question is saying to find the amount he will pay at the end of the year so, for finding first of all we'll find interest.

Then, after finding the interest we will find amount so for finding amount we'll

use formula Amount = Principal + S.I

Then, we will add 25000+750

and we got 25,750

_________________________

So that's it :)

Thank you!

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