Rupees 650 is borrowed by mr.ramesh from a money lender at the rate of 5% p.a what amount he will have to pay after 2 years.
Answers
Answered by
1
p=rs650
r=5%p.a
t=2yrs
SI=prt/100
=650×5×2/100
=65
r=5%p.a
t=2yrs
SI=prt/100
=650×5×2/100
=65
Answered by
0
Given - Principal, rate and time
Find - Amount
Solution - The amount to be paid as per the given information is Rupees 715
The simple interest can be calculated using the formula - Principal*Rate of Interest*Time/100. Further, the amount can be calculated by performing the addition of principal and interest.
Solving now to find the interest first.
Interest = 650*5*2/100
Interest = 65
Now, find the amount.
Amount = 650 + 65
Amount = Rupees 715
The amount to be paid is Rupees 715
Similar questions