Ravi lent rupess 500 to Sohan for 6 months at 8% p.a. . What amount would he get from Sohan
after that time ?
khushived:
is this simple interest or compound interest
Answers
Answered by
2
520 rupees he get from soham after that time
Answered by
2
Answer:
Sohan will get Rs. 520 after that time
Step-by-step explanation:
Principle=Rs. 500=p
Time= 6 months= 6/12 year=1/2 year=T
Rate= 8% pa=R
Simple interest= P*T*R/100
=500*(1/2)*8/100
=Rs,20
Amount=P+SI
=500+20
=Rs.520
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