Question

How much Naveen will pay to his friend if he borrowed rupees 5000 at 6% per annum for 146 days? ​

Answer 1

Question :-

How much Naveen will pay to his friend if he borrowed rupees 5000 at 6% per annum for 146 days?

Solution :-

$\rm{\red{Given:-}}$

• Principal = Rs.5000
• Rate = 6%
• Time = 146 days = $\sf{\frac{146}{365}Years}$

$\rm{\red{To~Find:-}}$

The amount Naveen has to pay to his friend.

$\rm{\red{Formula~Used:-}}$

${\green{\leadsto{\sf{Simple~Interest=\frac{P×R×T}{100}}}}}$

${\green{\leadsto\sf{Simple~Interest=\frac{5000×6×\frac{146}{365}}{100}}}}$

${\green{\leadsto\sf{Simple~Interest=\frac{5000×6×146}{100×365}}}}$

${\green{\leadsto\sf{Simple~Interest=Rs.120}}}$

${\orange{\sf{Amount=Principal+Simple~Interest}}}$

${\orange{\sf\longmapsto{Amount=Rs(5000+120)}}}$

${\orange{\sf\longmapsto{Amount=Rs.5120}}}$