Question

Ramesh borrowed ₹ 25000 from a bank for 3 years at the rate of 8 p. c. p. a for his son's education. The amount he returned to the bank at the end of the period is ₹ ___________ . ​

Answer 1

Answer:

Rs. 31000

Step-by-step explanation:

P=25000

T=3 yrs

R=8% p.a

$simple \: interest \: = \frac{prt}{100} = \frac{25000 \times 3 \times 8}{100} = 250 \times 24 = 6000$

Therefore, S.I = Rs. 6000

Amount = 25000+6000 = 31000 Rs.