Question

maths question (not for exam)​

Answer 1

Question:-

A man borrowed Rs.30000 from Punjab National Bank to buy a tractor. Find the amount he would pay after 2(1/2) years at 17% per annum.

Required Answer:-

Given,

$\\\sf{\rightarrow{Principle \:amount \:\bold{P} = Rs.30000}}$

$\sf{\rightarrow{Time \:\bold{T} = 2 \frac{1}{2}\:years}}$

$\sf{\rightarrow{Rate \:of\:interest\:\bold{R} = 17\% = \frac{17}{100} = 0.17 }}$

To Find:-

$\\\sf{\rightarrow{The\:amount\:\bold{A}\:he\:would\:pay}}$

Solution:-

We know that,

$\\\underline{\boxed{\rm{\bold{\blue{Simple\:interest = P \times T \times R}}}}}$

According to the question:-

$\\\sf{Simple\:interest = Rs.(30000 \times 2 \frac{1}{2} \times 0.17)}$

$\\\sf{\implies{Simple\:interst = Rs.(30000 \times \frac{5}{2} \times 0.17)}}$

$\\\sf{\implies{Simple\:interest = \bold{Rs.12750}}}$

Now,

$\\\underline{\boxed{\bold{\blue{Amount = P + SI}}}}$

$\\\sf{\therefore{\bold{Amount} = Rs.(30000 + 12750)}}$

$\\\sf{\implies{\bold{Amount} = \red{Rs.42750}}}$

$\\\\\boxed{\rm{\green{Hence,\:he\:have \: to \:pay \:\bold{ Rs.42750}}}}$