Question

*Class 10th Board SST plzz help*

Q- suresh got an order during the festive season . to expand his business he needed 25000 rupees . he took an advance payment of 10000 rupees from the buyer for the supply of goods . secondly he got raw material on credit for three months but is still short of 5000 rupees . this he borrowed from a money lender for 120 days at 15% simple intrest .at the end of the loan period how amount will have to return to the money lender?

Answer 1

Rs. 5250

Explanation:

We can calculate this by first finding the SI

SI= PRT/100

SI= (5000×15×1/3)÷100

SI= Rs. 250

So the total amount he will pay= Rs. 5000+Rs.250= Rs.5250