Question

Rahul borrowed a sum of c10. 000 from renu fro three years. if renu charges 8% simple interest per annum, how much will raghu have to pay after three years?

Answer 1

principle=10000
rate=8%
time=3yrs
interest=
10000×8×3
240000
240000÷100
2400

Answer 2

Answer:

Raghu have to pay 12,400 after three years.

Step-by-step explanation:

Principal = 10000

Rate of interest = 8%

Time = 3 year

Formula for interest is:

$I=\frac{P\times r\times t}{100}$

where, P is principal, r is rate of interest in %, t is time.

$I=\frac{10000\times 8\times 3}{100}$

$I=2400$

The interest is 2400.

The amount after 3 years is

$A=P+I=10000+2400=12400$

Therefore, Raghu have to pay 12,400 after three years.