Question

) If I borrowed 100 at interest rate of 7 pcpa, then calculate interest and amount paid after one year ?​

Answer 1

Answer:

$\huge\leadsto\underline\bold{given - } \\ \\ \sf\star \: principal \: = 100 \\ \sf\star \: rate\% = 7\% \\ \sf\star \: time = 1 \: year$

$\huge \leadsto \underline \bold{find - } \\ \\ \sf\star \: interest \: \\ \sf\star \: amount$

$\huge \pink{\leadsto \underbrace \mathfrak{solution - }}$

$\bold \color{blue}{\hookrightarrow \: interest = \frac{principal \times time \times rate}{100}}$

$\bold{\mapsto \: interest = \frac{100 \times 1 \times 7}{100}}$

$\bold{\mapsto \: interest = \frac{700}{100} = \fbox{7}}$

$\green{\dagger \: now \: we \: know \: that \: interest = 7 \: }\\ \orange{\ddagger \: lets \: find \: out \: amount}$

$\color{blue}\bold{\hookrightarrow \: amount = principal + interest}$

$\bold{\mapsto \: amount = 100 + 7} \\ \bold{\mapsto \:amount = \fbox{107}}$

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Answer 2

Step-by-step explanation:

Answer:

$\huge\leadsto\underline\bold{given - } \\ \\ \sf\star \: principal \: = 100 \\ \sf\star \: rate\% = 7\% \\ \sf\star \: time = 1 \: year$

$\huge \leadsto \underline \bold{find - } \\ \\ \sf\star \: interest \: \\ \sf\star \: amount$

$\huge \pink{\leadsto \underbrace \mathfrak{solution - }}$

$\bold \color{blue}{\hookrightarrow \: interest = \frac{principal \times time \times rate}{100}}$

$\bold{\mapsto \: interest = \frac{100 \times 1 \times 7}{100}}$

$\bold{\mapsto \: interest = \frac{700}{100} = \fbox{7}}$

$\green{\dagger \: now \: we \: know \: that \: interest = 7 \: }\\ \orange{\ddagger \: lets \: find \: out \: amount}$

$\color{blue}\bold{\hookrightarrow \: amount = principal + interest}$

$\bold{\mapsto \: amount = 100 + 7} \\ \bold{\mapsto \:amount = \fbox{107}}$

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