Hari Singh borrowed 1600 for one year 10 months how much total amount will he pay at the rate of 12% per annum simple interest to clear the debit
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Answer:
Principal (P) = Rs.1600
Rate (R) = 12% p.a.
Time (T) = 1 year 10 months = 11/6 years
Simple Interest = PRT/100
=> SI = 1600 * 12 * 11/6 *1/100
=> SI = Rs.352
Hence, total amount = Rs.(1600+352) =
Rs.1952
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