Question

If RS 5000 is borrowed by Sonal from her friend for 2 years,at the rate of 6% p.a. Find the amount Sonal will return at the end of second year​

Answer 1

Answer:

At the end of second year Sonal returns RS. 5600

Step-by-step explanation:

Given:

Amount of money Sonal borrowed ( P)= Rs.5000

Time ( t)=2 yrs.

Rate of interest = 6% per annum

Simple Interest= (P × R × t ) /100

                          = ( 5000 × 6 ×2 )/100

                          =60000 /100

                         =600 RS.

Amount = Principal + Simple Interest

              = 5000 + 600

               = 5600 Rs.