Question

Pia took a loan of ₹ 2400 at 2% rate of interest. How much money will Pia have to pay at the end of 5 years?

Answer 1

Answer:

₹2640

Step-by-step explanation:

p=₹2400

r=2%

t=5years

si=prt/100

=2400*5*2/100

si=₹240

a=₹2400+₹240

a=₹2640

Answer 2

Solution :

~ Formula to use :

Simple Interest = P × R × T / 100

~ Calculating the Interst :

➟ S.I = P × R × T / 100

➟ S.I = 2400 × 2 × 5 / 100

➟ S.I = 2400 × 10 / 100

➟ S.I = 24000 / 100

• Cancelling the values .

➟ S.I = ${\red{\sf{ ₹ \; 240 }}}$

~ Calculating the Amount :

➟ Amount = Principal + S.I

➟ Amount = 2400 + 240

➟ Amount = ${\green{\sf{ ₹ \; 2640 }}}$

~ Therefore :

Pia has to pay ₹ 2640 at the end of 5 years .

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