Question

a man borrowed RS 8000 from bank at simple interest at 8% per annum. what is the amount to be paid after 4 1/2 years

Answer 1

P=Rs8000,R=8%,T=4.5 years
S.I=P*R*T/100
S.I=8000*8*4.5/100
S.I=640*4.5
S.I=Rs2880 Ans.

Answer 2

The total payment amount is ₹10880.

Given data :

Borrowed money = ₹8000

Interest rate =8%

Time = 4½ years = 4.5 years

So, interest = (principal amount × rate × time)/100 = (8000×8×4.5)/100 = ₹2880

So,the total payment amount = ( Principal amount + Interest) = (8000+2880) = ₹10880 (answer)