Question

Anita takes a loan of Rs 5000 at 15% per year as rate of interest. Find the interest and amount she has to pay at the end of one year ​

Answer 1

SI=PTR/100. therefore, in the above given problem. P=5000 T=1year R=15 %.

SI= 5000×15×1/100=750Rs , therefore the amount Anita had to pay is P+SI=5000+750= 5750.

Answer 2

Given - Principal, rate of interest and time

Find - Interest and amount

Solution - The interest and amount she has to pay at the end of one year are Rupees 750 and Rupees 5750 respectively.

The simple interest to be paid will be calculated by the formula = principal*rate of interest*time/100

Simple interest = 5000*15*1/100

Simple interest = Rupees 750

Now, the amount to be paid at the end of one year = Principal + Interest

Amount = 5000 + 750

Amount = Rupees 5750

Thus, the interest and amount she has to pay at the end of one year are Rupees 750 and Rupees 5750 respectively.