Question

Amit borrowed rs. 4000 for 5 years. He paid rs. 5400 at the end of 5 years. How much will be have to pay on RSM 5600 in 3 years at the same rate as above?

Please answer. It's urgent.​

Answer 1

Step-by-step explanation:

p= 4000

A=5400

T= 5yrs

si= A - P

= 5400 - 4000

= 1400

$rate = \frac{si \times 100}{p \times t} \\ \: \: \: \: \: \: \: \: \: \: = \frac{1400 \times 100}{4000 \times 5} \\ \: \: \: \: \: \: \: \: \: \: = 28$

Now,

P= 5600

T= 3yrs

R= 28%

A= ?

$si = \frac{p \times r \times t}{100} \\ \: \: \: \: \: = \frac{5600 \times 28 \times 3}{100 } \\ \: \: \: \: \: = 4704$

A= P + SI

= 5600 + 4704

= 10304