Question

Mr Verma borrowed 8400from a bank on 14th January 2013 and repaid on 14th January 2016 at 12and1/2 Simple Interest. Find the interest and the amount paid by Mr. Verma?

Answer 1

ANSWER:-----------

Given:

principal=8400

rate=25/2

time=4 days

or 4/366 year

the interest =(8400×25/2×4/366)/100

84×25/2×4/366

8400/732

=11.47

the amount =8411.46

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Answer 2

The amount is Rs.11550 and the interest is Rs.3150

Step-by-step explanation:

Mr Verma borrowed 8400from a bank on 14th January 2013 and repaid on 14th January 2016 at 12and1/2 Simple Interest.

Principal = 8400

Time = 3 years

Rate of interest =$\frac{25}{2}\%$

$SI = \frac{P \times T \times R}{100}\\SI=\frac{8400 \times 3 \times \frac{25}{2}}{100}\\SI=3150$

Amount = Principal+interest = 8400+3150=11550

Hence The amount is Rs.11550 and the interest is Rs.3150

#Learn more:

Ragini depisited rs 2400 in a bank 11 January 0f 2012 and was repaid on 6 june 2012 at the rate of simple interest 7(1/2)% find her interest and amount

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