Question

Amit Broowed rupaye 4000 for 5 years he paid rupees 5400 at the end of 5 years how much will he have to pay on rupay 5600 in 3 years at the same rate as above

Answer 1

Answer:

The amount he needs to pay on rupees 5600 in 3 years is rupees 6776

Step-by-step explanation:

The amount Amit borrowed is 4000

The time is 5 years

Let us consider the rate of interest be R%

simple interest=$\frac{PTR}{100} =\frac{4000.5.R}{100} =200R$

The amount at the end of 5 years=4000+200R

The value of amount given is 5400

4000+200R=5400

200R=5400-4000

200R=1400

R=7

The rate of interest is 7%

The principal given is 5600

The time is 3 years

The rate of interest is 7%

simple interest=$\frac{PTR}{100}=\frac{5600.3.7}{100} =1176$

The amount to be paid after 3 years=5600+1176=6776