Question

rupees 1200 was borrowed with simple interest for 8 months at 8% per annum how much money should be repaid after 8 months?

Answer 1

Answer:

Rs 1264

Step-by-step explanation:

time= 8months= 8/12 years=  2/3

A= P(1+RT/100)

= 1200*(1+8*2/3*100)

=1200 (1+ 16/300)

=1200 (1+4/75)

=1200*79/75

=16*79

=Rs 1264

Answer 2

Rs.1264 should be repaid after 8 months .

Step-by-step explanation:

Principal = Rs.1200

Time = 8 months =$\frac{8}{12} years$

Rate of interest = 8%

Simple interest = \frac{P \times T \times R}{100}

Simple interest = \frac{1200 \times \frac{8}{12} \times 8}{100}

Simple interest =64

Amount = Principal + interest

Amount = 1200 +64

Amount = Rs.1264

Hence Rs.1264 should be repaid after 8 months .

#Learn more:

Mr mehta borrowed a sum of money at 8 per annum if he paid rupees 640 as interest after 5 years 4 month, find the sum borrowed by him

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