Question

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 ?​

Answer 1

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