Question

Please answer this question:-

A man borrowed rs700 from his friend. He promised to return back the amount after six months at an interest of 8% per annum.How much money will he pay back after six months.

Answer 1

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Here is your answer...,






$\large{ \: borrowed \: rupees = 700}$

so,

$principle \: amount \: (p) = 700$

$rate( r )= 8\%$

$time(t) = 6 \: month = 0.5$

$I (interest) = {?}$

$A(amount) \: = {?}$




So,
As we know,
$\large{ \: I (interest) = \frac{= P × R× T}{100}}$

$\large{ \: I = \frac{700 \times 8 \times 0.5}{100}}$

$\large{ \: I = 27}$





So,
we got the interest = 27 rupees.


he pay back after six months will be,
$\large{ \: A = 700 + 28}$

$\large{ \therefore{ \: A = 728}} \ \: rupess$







Hence...,
HE WILL PAY BACK AFTER SIX MONTHS
Rupess 728.



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