Question

A sum of ₹ 750 is borrowed for 10 months at an interest rate of 5% per month. What is the amount payable at the end of 10 months?

Answer 1

Answer:

Amount Payable after 10months = Rs.1125

Step-by-step explanation:

Formula = PRT/100

SUBSTITUTING THE VALUES,

750×5×10/100

37500/100

Simple interest = Rs.375

Amount payable after 10 months = 750+375

= Rs.1125

Answer 2

Answer:

3000

Step-by-step explanation:

Given,

P=750, T=10, R=5, SI=?

So,

SI=A-P

A=P×R×T. R=5*10=50

= 750*50*10/100

= 3750

Now,SI=3750-750=3000.

Ans=3000