Question

amit borrows rupees 4800 at the rate of 8 % interest per annum , how much amount will he return after 4 years]​

Answer 1

Answer:

Amit borrow Rs 4800 at the rate of 8 % per annum for 4 years.

It means, we have

Principal, P = Rs 4800

Rate of interest, r = 8 %

Time, n = 4 years

We know,

Simple interest (SI) received on a certain sum of money of Rs P invested at the rate of r % per annum for n years is given by

So, Amit have to return Rs 6336 after 4 years.

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