Question

Hari borrowed rupees 450 from his friend at 6% per annum he returned the amount after 8 months how much money did he pay

Answer 1

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Answer 2

Answer:

$\red { Amount \: he \: has \: to\: pay (A)}\green {= Rs\:468 }$

Step-by-step explanation:

$Given \: Principal (P) = Rs \:450 ,\\Rate \:of \: Interest (r) = 6\%\:per\: annum , \\Time (T) = 8\:months = \frac{8}{12} \: year$

$\boxed {\pink {simple \: interest (I) = \frac{PTR}{100}}}$

$I = \frac{450 \times \frac{8}{12} \times 6}{100}\\= \frac{450\times 8 \times 6}{12\times 100}\\= Rs\: 18$

$Amount \: he \: has \: to\: pay (A) = P + I\\= Rs \: 450 + 18\\= Rs \:468$

Therefore.,

$\red { Amount \: he \: has \: to\: pay (A)}\green {= Rs\:463.50 }$

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