Question

Peter borrowed rs 2000 from his friend at the rate of 3.5 per annum of 4 years find the amount to be paid at the end of 3 years

A)2290
B)2240
C)2210
D)2260

Answer 1

Answer:

Explanation:

And is 2200

Answer 2

The amount to be paid at the end of 3 years is Rs 2210.

The principle amount = Rs 2000

Rate = 3.5 ℅ per annum

Time= 3 years

Since nothing has been mentioned, we consider it to be at simple interest

Simple Interest =( Principle* Time* Year)/100

So SI =( 2000*3*3.5 )/100 = Rs. 210

So the amount to be paid at the end of 3 years is =Rs 2000+210( Principle+ SI) = Rs 2210.