Question

If Rohit borrowed Rs. 700 from his friend at the rate
of 10% p.a. simple interest for 2 1/2 years, then the
amount paid by Rohit is
(1) rs. 810 (2) rs. 700
(3) rs. 875 (4) rs. 870

Answer 1

Greetings ...!

Principal = Rs 700

Rate = 10 % p.a

Time = 2 1/2 years = 5/2 years

∴SI = p * r */100 = 700*10*5/100*2 = Rs 175

so,amount = SI + P = 175 + 700 = Rs 875

ANSWER : Option (3) Rs 875