Question

Bhupendra borrowed Rs 6300 for a period of 2year 8months at 7%rate of interest per annum. find out how much amount he has to repay?

Answer 1

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Answer 2

Heya,

Principle= Rs.6300
Rate= 7%
Time= 2 years 8 months
= 2×8/12

SI= PRT/100
SI= 6300×7×2×8/12/100
SI= 63×7×2×8/12
SI= 21×7×2×2
SI= 21×28
SI= Rs.588

To find amount,

Amount= Principle + SI
Amount= 6300+588
Amount= Rs. 6,888

Hope my answer helps you :)

Regards,
Shobana