Question

Akash took a loan of rupees 68500 from a bank at the rate of 7 pcpa for year find out interest and the amount that he will have to repay to the bank​

Answer 1

Answer:

amount =73295 rs

si=4795 rs

Explanation:

si =p×r×t/100

si=68500×7×1/100

si=685×7

si=4795 rupees

amount=principal +interest

a=68500+4795

a=73295 rs.

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Answer 2

Explanation:

Principal:- 68500₹

time:- 1 year

rate :- 7₹ pa

Simple interest:- P×R×T

-----------

100

=> 68500×1×7

------------------------------

100

685×1×7=4795₹

Amount returned:- P+SI

68500+4795

73295₹

Thus, the interst is ₹4795 and amount returned is 73295₹

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