Question

Ravi borrowed 5600 for a company at the 25% pa for 9 months find the interest he has to pay​

Answer 1

Given: $P=5600, Rate=25$%, $T=9months.$

We have to find the interest.

For this, we are using the formula of simple interest i.e. $SI=\frac{P\timesR\times R\times T}{100}$

We have, $P=5600, Rate=25$%, $T=9months.$

We are solving in the following way:

$SI=\frac{P\timesR\times R\times T}{100}$

$=>\frac{5600\times25\times9}{100}\\\\=>\frac{1260000}{100} \\\\=>12600$

Hence, the interest which Ravi has to pay will be$12600$.

Answer 2

As per the data given in the question, we have to find the simple interest.

To find:- simple interest = ?  

Given data- Principal amount = $Rs 5600$

                            Rate = $25\ \%$

                            Time = $9 \ months$

• We know that , the simple Interest of an amount is calculated by multiplying the interest rate by the principal amount and the time period.  
• SI Formula will be :

             $S.I = \frac{P\times R \times T}{100}$

         where, P = Principal Amount

                     T = Time in Years

                     R = Rate of Interest per Annum.

•  So, putting the value in formula. we get,

                  $= \frac{5600\times 25\times9}{100}$

                 $= 12600$

        Hence, the interest Ravi has to pay is $Rs\ 12600$.