Question

Rama borrowed rupees 14000 from her friend at 8 present per annum simple interest . She returned the money after 2 years. How much did she pay back altogether?

Answer 1

Answer:

16240

Step-by-step explanation:

amount= SI+ principal

here principal (p)= 14000

time (t)= 2

rate(r)=8

so SI= (p×r×t)/100

=(14000×8×2)/100

=2,240

so amount=14000+2240=16240

Answer 2

Step-by-step explanation:

Principal =₹14000

rate=8%

time=2years

Simple interest=(Principal ×rate×time)100=

(14000×8×2)/100=₹2240

therefore amount=14000+2240=₹16240