Pankaj borrowed ₹ 4000 on 12 June at the interest of 5% per annum. He then borrowed again ₹ 5000 on 24 August at the same rate of interest. He returned the entire loan on 5 November. How much was the total amount returned?
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12th June to 5th November= 146 days
24th August to 5th November= 73 days
1st loan interest= 4000* 146/365* 5/100= 80 ₹
2nd loan interest= 5000* 73/365* 5/100= 50 ₹
Total amount returned= Principle + Interest= 9000 + 130= 9130 ₹
₹ 9130 was the total amount returned.
24th August to 5th November= 73 days
1st loan interest= 4000* 146/365* 5/100= 80 ₹
2nd loan interest= 5000* 73/365* 5/100= 50 ₹
Total amount returned= Principle + Interest= 9000 + 130= 9130 ₹
₹ 9130 was the total amount returned.
AdityaDhanuk:
For a principal of ₹ 6000 and rate of interest of 5% per annum,what is the difference in the amount that will accure with simple interest and compound interest at the end of 2 years?
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