Math, asked by muthurewindingservic, 2 months ago

Arjun borrowed Rs. 500 for his loan in a bank at 5% per annuam. Find the simple interest
and sum assured that he pays to the bank.

Answers

Answered by sparshmehta24122004

3

Answer:

Interest = principal×rate×time/100

I = 500× 5 ×1/100

INTEREST=RS.25

Sum assured= Rs.500+25

SUM ASSURED= RS.525

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