Math, asked by sakshi7273, 1 year ago

an amount of 2300 was borrowed by aniket at a simple interest of 12% p.a .he returned the amount with interest ,after 3year. calculate the total amount ,including the simple interst he had to repay.​

Answers

Answered by anujtiwari2543
0

Step-by-step explanation:

an amount of 2300 was borrowed by aniket at a simple interest of 12% p.a .he returned the amount with interest ,after 3year. calculate the total amount ,including the simple interst he had to repay.

Answered by Anonymous
14

Given:

Amount borrowed= Rs. 2,300

Rate of interest= 12%

Number of years= 3

To find:

The total amount to be repaid

Solution:

We can find the amount by following the steps given below-

We know that the amount of simple interest remains the same every year.

So, the amount of interest for 3 years will be calculated as-

Simple Interest= (Principal×Rate×Number of years)/100

= (2,300×12×3)/100

=23×12×3

= Rs. 828

The amount repayable= Principal amount+ amount of interest

= 2,300+ 828

= Rs. 3,128

Therefore, the total amount to be repaid is Rs.3,128.

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