Question

Sarah takes a loan of 5000 for 2 years to start a business from the bank at simple interest of 10% per annum how much money did she repay the bank

Answer 1

Answer:

6000. Sarah repay the bank money

Answer 2

Answer:

6000

Step-by-step explanation:

so , we have to find the amount she have to repay

Principle = 5000

Time = 2 years

Rate = 10℅

First we take out simple interest

SI = P×R×T÷100

SI = 5000× 2× 10 ÷100

SI = 50 ×2×10 ( as 5000 has been divided by 100)

SI = 1000

So total money she will repay is 5000+ 1000= 6000

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