Question

A man borrowed rupees 700 from his friend he promised to return back his money after 6 months at the rate of 8 percent per annum what will be the amount that he will pay back after 6 months?

Answer 1

Answer:

728

Step-by-step explanation:

Interest = (700 * 8 * 0.5 )/ 100 = 27

Amount to return

= 700 + 28 = 728

Answer 2

Dear Student,

◆ Answer -

Total = 728 ₹

● Explanation -

# Given -

P = ₹ 700

r = 8 % p.a.

t = 6 months = 0.5 year

# Solution -

Amount to pay back after 6 months is given by -

Total = P × (100 + r × t) / 100

Total = 700 × (100 + 8 × 0.5) / 100

Total = 728 ₹

Hence, the amount that he will pay back after 6 months is 728 ₹.

Thanks dear. Hope this helps you...