Question

a man borrowed rupees 4500 at 8% per annum simple interest on 7th January 2014 he paid back the entire principal together with interest on 14th August 2014 how much money did he pay​

Answer 1

Step-by-step explanation:

$principal = 4500 \\ rate = 8\% \\ time = 6month7days$

$simple \: interest = \frac{p \times r \times t}{100}$

$= \frac{4500 \times 8 \times 6.7}{100}$

$= 45 \times 8 \times 6.7$

$= 2412$

$amount = principal + simple \: interest$

$amount = 4500 + 2412 \\ = 6912$

hence he had to pay 6912rupees

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