Question

id) A man borrowed < 700 from his friend. He promised to return back the
amount after six months at an interest of 8% per annum. How much money
will he pay back after six months?​

Answer 1

Step-by-step explanation:

< 700 from his friend. He promised to return back the

amount after six months at an interest of 8% per annum. How much money

will he pay back after six months

Answer 2

Answer:

Step-by-step explanation:

RATE PER HALF YEARLY = 8/2 = 4%

TIME = 1

S.I. = PRT/100 = 700*4*1/100 = 38

SO AMOUNT = P + S.I.

                         = 700+38=738