Question

A man borrowed rs 3000 for 2 years at 9% per annum simple interest . After 2 years , he returned rs 3000 at a table for the repayment of the loan . The Price of the table is ? ​

Answer 1

Answer:

₹540

Explanation :

The man borrows ₹3,000 for 2 years at the rate of 9% p. a. (per annum) at simple interest.

We know that,

$\sf \longrightarrow Simple \: interest = \dfrac{p \times r \times t}{100}$

Where,

• p(principal) = ₹3,000
• r(rate) = 9% p. a.
• t(time) = 2 years.

So, the interest is :

$\sf \longrightarrow \dfrac{3000 \times 9 \times 2}{100}$

$\sf \longrightarrow 30 \times 9 \times 2$

$\sf \longrightarrow 540$

Hence, the amount to be paid is :

➔ 3,000 + 540

➔ 3,540

But, he pays

➔ 3,000 & a table.

So, we can say that

➔ 3,000 + price of the table = 3,540

➔ price of the table = 3,540 - 3,000

➔ price of the table = 540

Required answer : ₹540

Answer 2

Answer:

answer =

540 rs

hope it helps you