Question

find the interest due on rupees 5600 which were borrowed for 6 years at the rate of 5 %pa​

Answer 1

Answer:

894

Step-by-step explanation:

For the first year:

P= Rs. 5,600, N=1 year and R=14%

We have S.I. =

100

PNR

=

100

5,600×1×14

= Rs. 784

And Amount at the end of first year P+S.I.= Rs. 5,600+ Rs. 784= Rs. 6,384

Now, for the second year :

P= Rs. 6,384, N=1 year and R=14%

We have S.I.=

100

PNR

=

100

6,384×1×14

= Rs. 893.76

To the nearest rupee, it is Rs. 894

Answer 2

$\sf \Large Solution!!$

Principle = Rs 5600

Time = 6 years

Rate = 5%

Interest = $\sf \dfrac{P\times R\times T}{100}$

Interest = $\sf \dfrac{56\cancel{00}\times 5\times 6}{1\cancel{00}}$

Interest = Rs 1680