Hari borrowed 450 ruppes from his friend at 6%per annum .He returned the amount after 8 months . How much money did he pay ?
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Answer :
Given :
- Principal = Rs. 450
- Rate = 6%
- Time = 8 months
What to find :
We have to find the simple interest.
How to find :
To find the simple interest we have to use the formula,
Simple interest = Principal × Rate × Time
100
Solution :
Using the formula,
Simple interest = Principal × Rate × Time
100
Substitute the value,
- Simple interest = 450 × 6 × 8
100
- Simple interest = 54
3
- Simple interest = 18
Total amount,
450 + 18 = 468
Therefore, Hari pay 468.
Hope my answer will help you !
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