Question

sabina borrowed 8500 from a friend at 7% per annum what amount should she return at the end of 2 year 8 month

Answer 1

Answer:

10086.67 (approx.)

Step-by-step explanation:

Given,

Principal= ₹8500

Rate=7% p.a.

Time=2 years 8 months=2 8/12 years=2 2/3 years

=8/3 years

S.I = P*T*R = 8500*8*7 = 4760

100 100 3

Therefore, amount = S.I + P = ₹(4760/3 + 8500)

= ₹30260

3

= ₹10086.67 (approx.)

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