Question

. I borrowed ₹6000 from a bank for 3 years 8 months at 12% per annum. What amount will clear off my debt? please show all working. ​

Answer 1

Answer:

Answer

Given principal = 6000 Rs

Time = 3 years 8 month = 311 years.

Rate = 12% per annum

We know simple interest = 100PRT

SI=1006000×12×311

SI=24×11=2640

SI=2640Rs

Now amount = principal + SI

= 6000+2640

[ amount = 8640 Rs]

∴ 8640 Rs is that amount which will clear off her debt.

Step-by-step explanation:

Answer

Given principal = 6000 Rs

Time = 3 years 8 month = 311 years.

Rate = 12% per annum

We know simple interest = 100PRT

SI=1006000×12×311

SI=24×11=2640

SI=2640Rs

Now amount = principal + SI

= 6000+2640

[ amount = 8640 Rs]

∴ 8640 Rs is that amount which will clear off her debt.

Hope you got answer.

Answer 2

Answer:

8640

Step-by-step explanation:

Given principal = 6000 Rs

Time = 3 years 8 month = 11/3 years.

Rate = 12% per annum

We know simple interest = PRT / 100

SI= 6000/12*100. *11/3

SI=24×11=2640

SI=2640Rs

Now amount = principal + SI= 6000+2640

[ amount = 8640 Rs]

∴ 8640 Rs is that amount which will clear off her debt.

hopefully it will work ☺️