Question

Mr.Verma borrowed Rs.8400 from a bank on 14th January 2013 and repaid on 14th January 2016 at 12.5% simple interest. find the amount and intrest paid.

Answer 1

Answer:

$simple \: interest= \frac{p \times r \times t}{100}$

p= 8400

r=12.5%

t= 3 years

$\frac{8400 \times 12.5 \times 3}{100}$

=3150

hence the interest acquired is RS.3150

amount received is RS.11,550

Step-by-step explanation:

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