Amitha takes a loan of rs 5000 at 15% per year as rate of interest. Find the interest she had to pay at the second year.
Answers
Step-by-step explanation:
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given
Mohan takes a loan of ₹ 5000 at 15% per year as rate of interest.
to find
Find the interest he has
to pay at the end of one year.
answer
750
solusion
the some borrowed =r 5000
rate of interest =15•/•per year
this means if r 100 is borrowed she has to pay 15 as interest for 1 year if she has borrowed 5000 then, the interest she had to pay for one year.
=15/100*5000
==>r 750 .
Tu ate the end of the year 3 has to give an amount of 5000 plus 750 =5750. we can write a General relation to find interest for 1 year at 1 p.m. at the principal for some and r•/• the rate percent per annum.
now on every 100 borrowed the interest paid is rupees r.
therefore on p borrowed the interest paid for one year would be r*p/100
=p*r/100 .
hope its helps you.