Question

saima borrowed Rs. 6000 from staebank of India for 3 years 8 months at 12%per annum. what amount will clear off her debt??​

Answer 1

Step-by-step explanation:

Given principal = 6000 Rs

$Time = 3 years \: 8 month = \frac{11}{3} </p><p>$

$\frac{11}{3} \: years \:$

Rate = 12% per annum

We know simple interest =

$\frac{p \times t \times r}{100}$

SI=24×11=2640

SI=2640Rs

Now amount = principal + SI

= 6000+2640

[ amount = 8640 Rs]

∴ 8640 Rs is that amount which will clear off her debt.