Question

if ₹4800 is borrowed at the rate of 5 percent p.a. the amount to be returned at the end of 2 years is a) ₹480 b)₹5280 c)₹5300 d) ₹4800​

Answer 1

Answer:

5280

Step-by-step explanation:

Simple Interest = principle × rate × time

= 4800×(5/100)×2

= 480

Amount needs to return = 4800+480= 5280