Question

A man borrowed Rs 8000 from a bank at 8./. per annum. find the amount he has to pay after 41/2 year? Answer​

Answer 1

Step-by-step explanation:

Given,

Principal = ₹8000

Rate of interest = 8%

Time = 4 1/2 years = 9/2 years

Simple Interest = PTR/100

---> 8000×8×9/100×2

---> ₹2880

Amount = Principal + Simple Interest

---> 8000+2880

---> ₹ 10,880

Hope you understand

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