Question

Question 5
Ravindra paid ₹320 after 1 year as simple interest at 8% annual rate. How much amount he borrow ?

Answer 1

Answer:

he will borrow amount of rupees

345.6

Given:-

here ,

• principle = 320
• time = 1 year
• rate = 8%

To find :-

• amount he borrow after 1 year

solution:-

here, as per condition

we all know the formula of simple intrest

$simple \: intrest \: = \frac{p \times t \times r}{100} \\ \\ s.i = \frac{320 \times 1 \times 8}{100} \\ \\ s.i = \frac{32 \times 8}{10} \\ \\ s.i = \frac{256}{10} \\ \\ s.i = 25.6 \\ \\ now \: for \: amount \\ \\ amount = principle + s.i \\ \\ amount = 320 + 25.6 \\ \\ amount = 345.6$

hence ,

he will borrow amount of rupees

345.6