Question

Ra 3720 in 8 months at 5 percent nanum simple interest the sum is

Answer 1

Answer:

Simple Interest is ₹1116

Amount paid after time is ₹4836

Step-by-step explanation:

Principle = ₹3720

Time = ${2} / {3}$ year

Rate = 5% p.a

Simple Interest = ${PRT} / {100}$

= ${3720 * 2 * 5} / {100 * 3}$

= ₹1116

Amount = P + I

= 3720 + 1116

= ₹4836