brinda borrowed rs. 1000 to build a hut. she pays 5% simple interest. she lents the hut to ramu and receives a rent of rs. 12(1/2) per month from ramu. in how many years brinda would clear off the debt?
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Given Brinda borrowed rs. 1000 to build a hut. she pays 5% simple interest. she lends the hut to ramu and receives a rent of rs. 12(1/2) per month from ramu. in how many years brinda would clear off the debt?
So we know that simple interest = p x r x t / 100
= 1000 x 5 x 100 /100
= Rs 50
In one year from Ramu rent received by Brinda in one year will be
12 1/2 x 12
= 25 / 2 x 12 = Rs 150
Total savings will be 150 - 50 = Rs 100
So Brinda will clear the debt in 10 years(borrowed is Rs 1000)
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rs=100will be the correct answer hope it helps you
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