Question

Namita borrowed Rs 30,000 for 4 months at the rate of 5% per annum. Find the interest
accumulated at the end .

Answer 1

Answer:

Amount that Rishav has to pay to the bank at the end of the year = Principal + Interest = 10000 + 1000 = Rs 11,000. Example 2: Namita borrowed Rs 50,000 for 3 years at the rate of 3.5% per annum. Find the interest accumulated at the end of 3 years. Solution: P = Rs 50,000. R = 3.5%. T = 3 years

Answer 2

Answer:

• Rs. 6000

Step-by-step explanation:

Given :

• Namita borrowed Rs 30,000 for 4 months at the rate of 5% per annum.

To Find :

• The Interest accumulated at the end.

Solution :

Here it's given that,

• P (Principal) = Rs. 30,000
• T (time) = 4 months
• R (Rate) = 5%

And we are asked to calculate the interest accumulated at the end.

So, we'll be using this formula to calculate the simple interest,

Formula used :

• $\boxed{ \bf{SI = \dfrac{P \times R \times T}{100}}}$

Putting the values,

→ $\rm \: SI = \dfrac{P \times R \times T}{100}$

→ $\rm \: SI = \dfrac{30000 \times 5 \times 4}{100}$

→ $\rm \: SI = \cancel\dfrac{600000}{100}$

→ SI = 6000.

_____________

Therefore, the interest accumulated at the end is Rs. 6000.