Question

how much interest would kabir pay on a loan of 5000 rate of 12% for 9 months?​

Answer 1

Answer:

450

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Answer 2

Answer:

Rs.450

Step-by-step explanation:

Given :- Principle amount = Rs. 5000, Rate of interest = 12%, Time = 9 months.

To Find :- Simple Interest Kabir would pay.

Solution:-

We know that,

Simple Interest = ( Principle × Rate of Interest × Number of year ) ÷ 100

Here, Principle amount = Rs. 5000

Rate of interest = 12%

Time = 9 months. = 9/12  = 3/4 year.

Putting all given information in the above formula,

⇒ Simple Interest = ( 5000 × 12 × 3/4 ) ÷ 100

⇒ Simple Interest = 50 × 3 × 3

⇒ Simple Interest = Rs. 450

Therefore, the simple interest that Kabir would pay = Rs. 450 .

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