Ram borrowed Re 5000 from his friend
at 5% p.a and Rs 2000 from uncle at 8% p.a
he returned the amount after 146 days
both of them. How much total money
did he pay ?
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2
Answer:
Rs.7164
Step-by-step explanation:
a) Amount of money Ram borrowed from his friend=Rs.5,000
Rate of Interest for friend's borrow= 5%
Time period =(146/365) year
Simple Interest =PRT/100
=(5000×5×146)/(100×365)
=100
Amount of money he has to return to his friend =Rs.(5000+100)
=Rs.5100
b) Amount of money he borrowed from his uncle= Rs.2,000
Rate of Interest for uncle's borrow =8%
Time period =146/365 year
Simple Interest =PRT/100
= (2000×8×146)/(100×365)
=64
Amount of money he has to return to his uncle =Rs.(2000+64)
=Rs.2064
Total amount of money he has to return to both =Rs.(5100+2064)
= Rs.7164
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