Hari borrowed 450 from his friend at 6% per annum. He returned the amount
after eight months. How much money did he pay?
Answers
Answered by
14
Answer:
468 rupees
Step-by-step explanation:
Principal rate= 450 rupees
Rate of interest = 6%
Time= 8 months
soln:
simple interest= 450 x 6 x 8/12
100
= 450 x 6 x 8
100x 12
= 21600
1200 (cancel the 0's so 216/120
= 216
12
= 18 rupees
Amount he paid = Principal rate + Simple Interest
= 450 + 18
= 468 rupees
Hope this helped
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