Question

If Sarosh borrowed ₹7000 from the bank at 7% interest per annum for 3 years, Find the simple interest and the Amount he had to pay .​

Answer 1

Answer:

Si = p×r×t / 100

si = 7000×7×3/100

si = ₹1470

Amount = p+si

7000+1470

₹8470

Answer 2

Question :-

• If Sarosh borrowed ₹7000 from the bank at 7% interest per annum for 3 years, Find the simple interest and the Amount he had to pay .

Given :-

• Principal = Rs, 7000
• Rate = 7% p.a
• Time = 3 years

To Find :-

• Simple Interest and the Amount he had to pay.

Solution :-

$\qquad \quad {:} \longrightarrow \sf{ \boxed{{\bf{ Simple \: Interest\: = \: \frac{Principal \: \times \: Time \: \times \: Rate }{100}}}</p><p> }}$

$\qquad \quad {:} \longrightarrow \sf{\tt{ Simple \: Interest\: = \: \frac{7000 \: \times \: 3 \: \times \: 7}{100} }}$

$\qquad \quad {:} \longrightarrow \sf{\tt{ Simple \: Interest\: = \: \frac{70 \cancel{00} \: \times \: 3 \: \times \: 7}{1 \cancel{00}} }}$

$\qquad \quad {:} \longrightarrow \sf{\tt{ Simple \: Interest\: = \: 70 \: \times \: 3 \: \times \: 7 }}$

$\qquad \quad {:} \longrightarrow \sf{\tt{ \bf{ Simple \: Interest\: = \: Rs, 1470}}}$

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$\qquad \quad {:} \longrightarrow \sf{ \boxed{{\bf{ Amount \: = \: Principal \: + \: Simple \: Interest}}</p><p> }}$

$\qquad \quad {:} \longrightarrow \sf{\bf{ Amount \: = \: 7000 \: + \: 1470</p><p> }}$

$\qquad \quad {:} \longrightarrow \sf{\tt{ \bf{Amount \: = \: Rs,8470 }}}$

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$\bf \therefore \; Simple \: Interest= Rs, 1470$

$\bf \therefore \; Amount= Rs, 8470$

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