Question

amar borrowed ₹800 at a rate of interest of 5% per annum the amount he will pay after 3 1/2 year is

Answer 1

Use the formula of Compound Interest

A(1+R/100)t

Answer 2

Answer:

Rs 940

Step-by-step explanation:

Given: Amar borrowed ₹800 at a rate of interest of 5% per annum the amount he will pay after 3 1/2 year, here principal is 800, Rate is 5% and time is 3 ½ years = 7/2 years

here I = P x R x T /100 Substituting the above numbers we have

  I = 800 x 5 x 7 / 100 x 2

I = Rs 140

Amount = Principle + Interest

 A = 800 + 140

A = Rs 940

The amount he will pay is Rs 940