Question

A man borrowed Rs 8000 from a bank at 5% per annum. Find the amount

he has to pay after 4 years​

Answer 1

Given :-

• A man borrowed Rs 8000 from a bank at 5% per annum.

• He has to pay after 4 years.

To find :-

• Amount

Solution :-

As we know that

→ S.I = P × R × T/100

Where " S.I " is simple interest, " P " is principle, " R " is rate and " T " is time

According to question

• Principle (P) = Rs.8000

• Rate of interest (R) = 5 %

• Time (T) = 4 years

→ S.I = P × R × T/100

Substitute the values

→ S.I = 8000 × 5 × 4/100

→ S.I = 80 × 5 × 4

→ S.I = 80 × 20

→ S.I = Rs.1600

Hence,

• Simple Interest (S.I) = Rs.1600

Now,

→ Amount = P + S.I

→ Amount = Principle + Simple Interest

Put the value of Principle and Simple Interest

→ Amount = 8000 + 1600

→ Amount = Rs.9600

Therefore,

• Amount is Rs.9600

Answer 2

Answer :

→ Rs. 9600

for explanation , plz refer to the attachment above