Question

Ram borrowed 5000 rupees at the rate 8% p.a. how much will hw return in 3 months?


Please help me with this question. It is part of our maths work...​

Answer 1

Answer:

100 rupees is the interest

Step-by-step explanation:

rate of interest per year = 400

3 months = 400/4 = 100

Answer 2

Answer:

Principal = Rs.5000

Time =3 years

rate = 8%

SI=PRT/100

=5000×8×3/100

SI=1200

Amount compounded Annually

=5000(

100

1+8

)

3

=5000(

100

108

)

3

=

1000000

6298560000

=Rs6298.56

CI=6298.56−5000=Rs.1298.56

Difference between interest

=1298.56−1200=Rs.98.56