Question

a man borrows rupees 5400 and at the rate of 6% per annum find the amount he has to pay at the end of 5 years​

Answer 1

Answer:

7020

Step-by-step explanation:

6%×5400=324

for 5 years= 324×5=1620

5400+1620→ is amount to be paid after 5 years

↑7020

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Answer 2

Step-by-step explanation:

Given:

Principal = ₹ 5400

Rate = 6%

Time = 5 years

As per the Question,

Amount borrowed = ₹ 5400

At the rate of 6 % per annum

For 5 years

Here, we have to find the Amount he had to pay at the end of 5 years.

Using Formula:

$a = p(1 + \frac{r}{100} ) {}^{n}$

Putting the Given Values:

$a = 5400(1 + \frac{6}{100} ) {}^{5}$

Calculating the amount:

$= 5400(1 + \frac{6}{100} ) {}^{5}$

$= 5400( \frac{106}{100}) {}^{5}$

$= 5400(1.06) {}^{5}$

$= 7226.28$

Hence, the amount is ₹ 7226.28.