Question

A man borrowed Rs 15000 from a bank at the rate of 8% p.a. for 4 years. Find the simple interest and the amount that he has to pay back​

Answer 1

Answer:

SI = P*R*T/100

SI= (15000*8*4)/100 = 4800

Answer 2

Answer:

SI = ₹4800

Amount = ₹19800

$❒ \: \large\bf{Given}$

• Principal = ₹15000
• Rate% = 8%
• Time = 4 years

$❒ \: \large\bf{To \: Find}$

• Simple Interest
• Amount

$❒ \: \large\bf{Solution}$

$\small\rm{SI = \frac{P \times R \times T}{100}}$

$\small\rm {SI = \frac{15000 \times 8 \times 4}{100} }$

$\small\rm{ SI = 4800}$

$\small \color {black} \boxed { \colorbox {white}{ Amount = Principal + Interest}}$

$\small\rm {Amount = 15000 + 4800}$

$\small\rm{ Amount = 19,800}$

$✪ \: \large \bf{Note}$

• SI = Simple Interest
• P = Principal
• R = Rate
• T = Time
• A = Amount