Question

Amar borrowed 800 at a rate of 5% per annum simple interest. The amoun he will pay after 3 years is (B) 940 (C) 960 (D) 980 (2018) 090​

Answer 1

Step-by-step explanation:

The amount he will pay after 3+ 1/2 years is Rs. 948.97.

Step-by-step explanation:

Principal=Rs. 800

Rate of interest (r)= 5% = 0.05

Time t = 3+ 1/2 years= 7/2 years.

The formula of amount is

where, P is principal amount, r is interest rate, t is time in years.

Therefore the amount he will pay after 3+ 1/2 years is Rs. 948.97.

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Answer 2

Answer:

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