Question

rs20,000 in 7% p.a. for 5 yrs

Answer 1

Answer:

S.I. = Rs. 27,000

Amount to be paid = Rs. 27,000

Step-by-step explanation:

Simple Interest = PxRxT

100

Given,

P= RS. 20,000

R= 7% P.A.

T= 5 YEARS

SO,

20,000 x 7 x5

100

(Cancel 2 zero of 100 from two zero of 20,000)

=> 200 x 5 x 7 = Rs. 7000

Simple interest = Rs. 7000

Amount to be paid at the end of 5 years =

Principal + simple interest

=> 20,000 + 7000

=> Rs. 27,000

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