Question

Mahesh took a loan of rupees 8250 at the rate interest of 6% per annum what is the total amount paid by Mahesh after 1 year​

Answer 1

Step-by-step explanation:

GIVEN

Principal=8250

Rate =6% per annum

Time =1 year

SIMPLE INTEREST=principal×time×rate

100

=8250×6×1

100

=495

AMOUNT = 8250+495 = 8745

₹8745 paid by Mahesh after 1 year