Question

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

Answer 1

Answer:

$\bold{HERE \: PRINCIPAL (P) = RS. 500}$

$\bold{RATE \: OF \: INTEREST (R) = 5\%}$

$\bold{TIME (T) = 1 \: YEAR}</p><p>$

$\bold{SIMPLE \: INTEREST(I) = \frac{p \times r \times t}{100} }$

$\bold{ = \frac{500 \times 5 \times 1}{100} }</p><p>$

= Rs. 25

AMOUNT( A ) TO BE PAID = P + I

= 500 + 25

= Rs. 525

I = Rs. 25;

A = Rs. 525

HOPE!! THIS WILL HELP U.