Question

A sum of rupees 600 is borrowed for 5 years at the rate of 5 percent per annum. Find the interst and the amount
.

Answer 1

Answer:

Interest = 150 Rs and Amount = 750 Rs

Step by step explanation -

Rs 600 is borrowed for 5 years @ 5% interest per annum.

First let's calculate 5% of 600

5% of 600 = 600 x 5/100

                = 30 rs

Therefore 30 rs is the interest for one year.

Amount is borrowed for 5 years therefore interest for 5 years = 30 x 5 = 150 rs

We know that Amount = Interest + Principal

A = 150 + 600

Therefore A = 750 Rs.

Hope this will help!!