Amar borrowed 800 rupees at a rate of 5% per annum.the ammount he will pay after 3 half years is
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Should be posted in the Mathematics section, though I'll solve this.
Amount= Simple Interest (SI) + Principal (P)
P= Rs. 800
Rate of Interest (R)= 5%
Time(T)= 3 years 6 months = 3 1/2 years= 7/2 years
SI= (P x R x T)/100
= (800 x 5 x 7/2)/100
SI= Rs. 1400
Amount= SI + P= 1400 + 800= Rs. 2200
Amount= Simple Interest (SI) + Principal (P)
P= Rs. 800
Rate of Interest (R)= 5%
Time(T)= 3 years 6 months = 3 1/2 years= 7/2 years
SI= (P x R x T)/100
= (800 x 5 x 7/2)/100
SI= Rs. 1400
Amount= SI + P= 1400 + 800= Rs. 2200
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