Math, asked by sunnykumar91, 1 year ago

Ramesh brought a new mobile phone for rupees 8000 through a credit card his card as an interest rate of 19% P.A if he has no other charge on his card and does not pay off his balance at the end of the months how many money does he owe after a month

Answers

Answered by sherafgan354
4

Answer:

Total Amount owed by Ramesh in rupees= 9520

Step-by-step explanation:

Given that

Price of mobile phone in rupees = 8,000

Interest rate = 19% = 0.19

As the interest is rate is simple so we will use the following formula to calculate the interest

A = Prt

Where;

A = Interest payable

P = Principal Amount

r = Rate of Interest

t = time in years

So, Substituting the values

A = (8,000)(0.19)(1)

A = Rs. 1520

So, if he does not pay the interest in the specified months then he will have to pay an amount of 9520 or 8000 + 1520.

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