Question

if fabina taken a loan rs500 principal for 8 years and at the rate of 10% per annum,find the simple interest and amount she had to give?

Answer 1

interest 400 and Amount 900

Answer 2

hello dear
given principal=500
rate of interest=10%
time=8 years

then by using simple interest formula we can calculate it in this way
S.I=P×R×T÷100
500×10×8÷100
50×8=400
now add 400 to principal that will be the amount which fabina have to pay i.e 500+400=900.

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