Question

Raju has taken a loan of rs.10000 from bank. His annual rate of interest is 10%.Calculate the ammount of monthly instalment so that he pays the complete loan in one year​

Answer 1

Monthly Installment

Given:

• Principal = Rs. 10000
• Time = 1 year
• Rate of Interest = 10%

To find: amount of monthly installment

Step-by-step explanation:

Here interest = Rs. 10000 * 1 * 10 / 100 = Rs. 1000

So total amount payable in one year is

= Principal + Interest

= Rs. 10000 + 1000

= Rs. 11000

So amount to be paid in monthly installment is

= Rs. 11000/12

= Rs. 916.67

Answer:

The amount of monthly installment is Rs. 916.67.

Read more on Brainly.in

Calculate the simple interest on rs6400 for 6 months at the rate of 10% per annum

- https://brainly.in/question/3092065

Fiat invest 6,000 rupees for 3 years and receive 1080 Rupees is interest rate of interest is

- https://brainly.in/question/15127767

Answer 2

Answer:

Given -

• $\sf{Principal\:(P)}$
• $\sf{Time\:(T)}$
• $\sf{Rate\:of\:Interest\:(R)}$

To Find -

• $\sf{Amount\:of\:monthly\:payment. }$

Solution -

$\blue\Longrightarrow \small \sf \purple{ {Interest}}=\pink{\dfrac{P × R \times T}{100}}$

So,

$\blue\Longrightarrow\small \sf \purple{ {Interest}}=\pink{\dfrac{10000 × 10× 1}{100}}$

$\blue\Longrightarrow\small \sf \purple{ {Interest}}=\pink {\cancel{\dfrac{ {100000}^{1000} }{100}}}$

$\blue\Longrightarrow\small \sf \purple{ {Interest}}=\pink {1000}$

Now Finding -

Total amount paid in one year payment.

• $\pink\mapsto \small \sf{Principal + Interest}$
• $\pink\mapsto\small\sf{10000+1000}$
• $\pink\mapsto\small\sf11000$

Now Finding -

Total amount paid in one months payment.

• $\red\mapsto \small\sf{1 \: year = 12 \: months}$
• $\red\mapsto \small\sf{Rs.\dfrac{11000}{12} }$
• $\red\mapsto\small \sf{Rs. \: 916.67}$

Therefore,The total amount paid in mothly payment, is Rs.916.67.