Question

debt after 5 years?
b) Mr. Maharjan borrowed a sum of Rs 9,000 from an Agricultural Development
Bank at the rate of 12.5 %. How much amount should he pay to clear the debt after 5 years?
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Answer 1

Answer:

kindly see the answer below...

Step-by-step explanation:

Here,

principal rupees = 9000 rupees

rate of interest = 12.5%

time period = 5 years

interest = ?

amount =(principal + interest)

then, the interest of the given rupees is

$interest = 9000 \times \frac{12.5}{100} \times 5$

$= 90 \times 12.5 \times 5$

$= 5625 \: rupees$

therefore, the required amount

$amount = (principal + interest)$

$= 9000 + 5625$

$= 14625 \: rupees$

this is the required answer...

hope this is helpful..

Answer 2

Question :-

Mr. Maharajan borrowed a Sum of Rs. 9000 from an Agricultural Development  Bank at the Rate of 12.5%.

How much Amount should he Pay to clear the Debt after 5 Years?

Solution :-

Given,

Principal Amount (P) = Rs. 9000 ; Rate of Interest (r) = 12.5% p.a and Time = 5 Years

To Find,

Amount to be Paid to Clear the Debt after 5 Years

Using the Formula, $\red {\bold {Simple\: Interest = \frac{Principle \times Rate\: of\: Interest \times Time}{100}}}$, we get

$\begin {aligned} \red {\bold {Simple\: Interest}} & = Rs. \Big (\frac{9000 \times 12.5 \times 5}{100} \Big )\\\\\\& \Rightarrow Rs. \Big ( 9000 \times 0.125 \times 5 \Big )\\\\\\& = \red {\bold {Rs. 5,625}} \end {aligned}$

The Simple Interest is Added to the Principal to get the Amount to be Paid,

So,

$\begin {aligned} \red {\bold {Amount}} & = \red {\bold {Principal + Simple\: Interest}}\\\\& = Rs. (9,000 + 5,625)\\\\\red {\bold {Amount}} & = \red {\bold {Rs. 14,625}} \end {aligned}$

Thus, Amount to be Paid to Clear the Debt after 5 Years = Rs. 14,625

And, Simple Interest (SI) = Rs. 5,625

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