Question

Ashok takes some loan from Mukesh for 2 year at the rate of 5% per annum and after 2 years he gave back rupees 6600 to Mukesh and completed the payment of his loan find the interest paid by Ashok

Answer 1

Answer:

Loan = Ax100/100+rt

= 6600x100/100+ 2x5

= 660000/110= Rs.6000

Interest Paid=6600-6ooo = Rs 600

Answer 2

Answer

(ART/100+RT) here T=2 year R=5% A=6600

Amount = A

Rate =R

Time =t

6600*5*2 /100+5*2

600 is the answer..