Question

A man borrowed rupees 480 he paid it back after 5 months together with the interest charged at 5% per annum what amount did he pay back

Answer 1

Interest will be Rs10 Total amount is Rs490. Please mark as brainliest.

Answer 2

Given, P= Rs. 480,R=5%

T=5 months = 5/12 years

$I = \frac{P \times R \times T}{100} = \frac{480 \times \frac{5}{12} \times 5}{100 }$

Therefore, amount paid back = P+I

=480+10= Rs. 490