Question

A man borrowed 50,000 at 15% for 3 years. The amount that he wil return after 3 years will be. ​

Answer 1

Given :-

• Principal = Rs,50000
• Rate = 15%
• Time = 3 years

To Find :-

• The amount that he wil return after 3 years will be

Solution :-

➞ Simple Interest = P × R × T ÷ 100

➞ S.I = 50000 × 15 × 3 ÷ 100

➞ S.I = 500 × 15 × 3

➞ S.I = 500 × 45

➞ Simple Interest = Rs,22500

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➞ Amount = Principal + Simple Interest

➞ Amount = 50000 + 22500

➞ Amount = Rs,72500

Therefore, He will return Rs,72000 after 3 years

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★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

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Answer 2

Question :-

A man borrowed 50,000 at 15% for 3 years. The amount that he wil return after 3 years will be.

Required Answer:-

The amount that he will return after 3 years will be Rs. 72500.

Given :-

Principal = Rs.50000

Rate of Interest = 15%

Time = 3years

To find :-

The amount that he will return after 3 years

Solution:-

Principal = 50000

Rate of Interest = 15%

Time = 3years

Formula used :-

$\implies\sf Simple\:Interest =\dfrac {P\times R\times T }{100}$

$\implies\sf SI =\dfrac {50000\times 15\times 3 }{100}$

$\implies\sf SI = {500\times 15\times 3 }$

$\implies\sf SI = {500\times 45}$

$\implies\sf SI = {500\times 45}$

$\implies\sf SI = {22500}$

Therefore, SI = 22500Rs.

Amount = Principal + Simple Interest

= 50000+ 22500

= 72500

Therefore, Amount = Rs.72500