Question

a farmer borrows rupees 5400 from the finance company to buy a buffalo the rate of simple interest is 13% per annum and he was the money over of 5 year period find the amount that the Pharma Industry pay the finance company​

Answer 1

Answer:

answer is 8910 and write the questions correctly

Answer 2

The amount that the Pharma Industry pay the finance company is Rs. 8910.

Step-by-step explanation:

Since we have given that

Sum = Rs. 5400

Rate of interest = 13% p.a.

Time = 5 years

As we know that

$SI=\dfrac{P\times R\times T}{100}\\\\SI=\dfrac{5400\times 13\times 5}{100}\\\\SI=Rs.\ 3510$

Amount = Principal + Simple interest

Amount = 5400 + 3510

Amount = 8910

Hence, the amount that the Pharma Industry pay the finance company is Rs. 8910.

# learn more:

Find the compound interest and amount if rupees 16000 is borrowed from a finance company for 3 years at 5 percent annum.

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