Aditya Bborrowed Ruppees 21000 for 8 month at 12 whole 1 upon 2 % per annum how much amount should he pay back to clear his debt.
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2
Answer can be 24360.As amount is eqaul to p+sI
MSK1:
but the answer is wrong
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Heya frnd,
Given that
Principal = ₹21,000
Rate of Interest = 12 whole 1 upon 2 % per annum = 25/2% per annum
Time = 8 months = 8/12 = 2/3 years
Simple Interest = P × R × T/100
= 21,000×25×2/2×100×3
= 1,750
Amount = Principal + Simple Interest
= ₹(21,000+1,750)
= ₹22,750
Hence, Aditya should pay back ₹22,750 to clear his debt.
Thanks
Hope it helps you.
With regards
Tanisha
Given that
Principal = ₹21,000
Rate of Interest = 12 whole 1 upon 2 % per annum = 25/2% per annum
Time = 8 months = 8/12 = 2/3 years
Simple Interest = P × R × T/100
= 21,000×25×2/2×100×3
= 1,750
Amount = Principal + Simple Interest
= ₹(21,000+1,750)
= ₹22,750
Hence, Aditya should pay back ₹22,750 to clear his debt.
Thanks
Hope it helps you.
With regards
Tanisha
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