Question

find the amount of loan of rs 9000 for 4 percent oer year for 10 years
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Answer 1

Answer:

41000

Step-by-step explanation:

P = 9000 Rs

R = 4%

T = 10 yrs

INTEREST = P×T×R/100

= 9000×4×10/100

= 3600 Rs

interest × time + P

3600×10 + 9000

=41000

Hence, loan will be 41000.

Answer 2

Given :-

• Principal ( P ) = Rs,9000
• Rate ( R ) = 4%p.a
• Time ( T ) = 10 years

To Find :-

• Amount

Solution :-

➞ Simple Interest = P × R × T ÷ 100

➞ Simple Interest = 9000 × 4 × 10 ÷ 100

➞ Simple Interest = 9000 × 4 ÷ 10

➞ Simple Interest = 900 × 4

➞ Simple Interest = Rs, 3600

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➞ Amount = Principal + Simple Interest

➞ Amount = 9000 + 3600

➞ Amount = Rs, 12600

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Therefore, The Amount is Rs,12600

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★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

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