Question

Anita takes a loan of ₹ 6,000 at 15% per year as rate of interest. Find the interest she has

to pay at the end of two and half year.​

Answer 1

Answer:

• She has to pay ₹ 2,250 at the end of two and half year.

Step-by-step explanation:

Given that:

• Anita takes a loan of ₹ 6,000 at 15% per year as rate of interest.

To Find:

• The interest she has to pay at the end of two and half year.

Formula used:

In Simple interest.

• S.I. = (P × R × T)/100

Where,

• P = Principal
• R = Rate
• T = Time
• S.I. = Simple interest

We have,

• Principal = ₹ 6,000
• Rate = 15% p.a
• Time = 2.5 years

Finding the simple interest:

⟶ S.I. = (6000 × 15 × 2.5)/100

⟶ S.I. = 225000/100

⟶ S.I. = 2250

∴ Simple interest = ₹ 2,250

Answer 2

Answer:

Given :-

• Anita takes a loan of $ 6000 at 15% per year as rate of interest.

To Find :-

• What is the interest she has to pay at the end of two and half year.

Formula Used :-

$\clubsuit$ Simple Interest Formula :

$\longmapsto \sf\boxed{\bold{\pink{Simple\: Interest =\: \dfrac{Principal \times Rate\: of\: Interest \times Time}{100}}}}$

Solution :-

Given :

• Principal (P) = $ 6000
• Rate of Interest (r%) = 15%
• Time = 2.5 years

According to the question by using the formula we get,

$\implies \sf Simple\: Interest =\: \dfrac{6000 \times 15 \times 25}{100 \times 10}$

$\implies \sf Simple\: Interest =\: \dfrac{6000 \times 375}{1000}$

$\implies \sf Simple\: Interest =\: \dfrac{2250\cancel{000}}{1\cancel{000}}$

$\implies \sf Simple\: Interest =\: \dfrac{2250}{1}$

$\implies \sf\bold{\red{Simple\: Interest =\: \ \: 2250}}$

$\therefore$ The interest she has to pay at the end of two and half year is $ 2250 .

$\rule{150}{2}$

Important Formula :

$\clubsuit$ Principal Formula :

$\diamondsuit \implies \sf\boxed{\bold{\pink{Principal =\: \dfrac{Simple\: Interest\: \times 100}{Time\: \times Rate\: of\: Interest}}}}$

$\clubsuit$ Time Formula :

$\diamondsuit \implies \sf\boxed{\bold{\pink{Time =\: \dfrac{Simple\: Interest \times 100}{Principal \times Rate\: of\: Interest}}}}$

$\clubsuit$ Rate Of Interest Formula :

$\diamondsuit \implies \sf\boxed{\bold{\pink{Rate\: of\: Interest =\: \dfrac{Simple\: Interest \times 100}{Principal\: \times Time}}}}$