Question

Maria borrowed Rs 1400 at the rate of 6% per annum for 8 years and 5 months.find the amount she paid back

Answer 1

Thank you for asking this question. Here is your answer:

The principle would be 1400

The time is equal to 8.5 years

The rate of interest is 6%

Simple Interest = P×T×R ÷ 100

= 1400×8.5×6 ÷ 100

= 714

Now we will use this formula.

Amount = Principle + Simple Interest

= 1400+714

= 2114

So that means Maria will return ₹2114

If there is any confusion please leave a comment below.

Answer 2

Answer:

Step-by-step explanation: