Question

hari borrowed rs.3000 from his friend for 4 years 6 months 16 %per annum . What is the total amount he has to pay after 4 years 6 months ? please give me full solution​

Answer 1

Answer:

Question

Answers

Related Questions

Hari borrowed Rs.12600 from a moneylender at 15% per annum simple interest. After 3 years, he paid Rs. 7070 and gave a goat to clear off the debt. What is the cost of the goat?

Answer

VerifiedVerified

113.1k+ views

1 likes

Hint: In mathematics, simple interest is used to calculate the interest on a certain amount. Simple interest is paid at the end of a specific time period and is always a fixed amount that the borrower has to pay. It is calculated by using the formula:

S.I.=P×T×R100S.I.=P×T×R100

After calculating the value of S.I., the principal is added to it to get the total amount that the borrower has to give. Its formula is given by:

Amount = P + S.I.Amount = P + S.I.

In this question, we have to calculate the value of interest then calculate the amount. Here the amount is equal to the sum of the amount paid after 3 years and the cost of the goat.

Complete step-by-step answer:

According to the question,

Principal (P) = Rs.12600

Rate (R) = 15%

Time (T) = 3 years

After 3 years, he will pay back money with interest hence, we have to calculate the simple interest first

Simple Interest (I) = P×T×R100P×T×R100

I=12600×15×3100I=12600×15×3100

I=126×15×3I=126×15×3

I=5670I=5670

Therefore, the interest paid on the principal amount is Rs.5670

Amount to be paid after 3 years = P+I

P+I

Amount = 12600 + 5670Amount = 12600 + 5670

Amount = Rs.18270Amount = Rs.18270

Hari pays Rs.7070 and a goat to clear off the debt after 3 years.

So, Amount = 7070 + Cost of goat

Let the cost of goat be x,

18270=7070+x18270=7070+x

x=18270−7070x=18270−7070

x=11,200x=11,200

Therefore, the cost of the goat is Rs.11,200.

HELLO

ITS NOT THE ANSWER OF THE QUESTION THAT YOU TYPE BUT IT IA SIMILAR QUESTION

Step-by-step explanation:

PLEASE MARK ME AS BRILLIANT