Mr Bannerji borrowed RS 3650 on 17th February 1996 He returned the amount on 24th September 1996 If the rate of interest was 12 1/2 percent what amount did he returned?
Answers
Answer:
simple interest = Rs. 1441.125
Total amount to be return will be Rs. 6016.125
Step-by-step explanation:
principal = Rs. 4575
rate %m = 21%
time duration = 1 july 1995 to 31 december 1996 = 12+ 6 months = 18 months
= 1.5 years
first we have to find the simple interest
S.I = \frac{p\times r\times t}{100}S.I=
100
p×r×t
putting the values from above
we get
S.I = \frac{4575\times 21\times 1.5}{100}S.I=
100
4575×21×1.5
S.I = \frac{144112.5}{100}S.I=
100
144112.5
S.I = 1441.125
now
amount = S.I + principal
amount = 1441.125 +4575
amount = Rs. 6016.125
hence ,
simple interest = Rs. 1441.125
Total amount to be return will be Rs. 6016.125
#Learn more:
Simple interest questions = Srinivas borrowed RS.7300 from Mr. Rao on 17th February,1996 and returned the amount on 24th September, 1998. If he paid interest at 21/2% per annum, determine the amount he returned to Mr. Rao