Question

Section - E
1) 36000 is borrowed at the rate of 8% per annum. Find the simple
interest and amount to be paid after three years. ​

Answer 1

Step-by-step explanation:

P = 36000

N= 3 yrs

R = 8%

S.I = PNR /100

= 36000 x 3 x 8 / 100

= 8640

So S.I is 8640 Rs

Amount = S.I + P

= 8640 + 36000

= 44640

Amt to pay is Rs 44640

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Answer 2

Question :-

36000 is borrowed at the rate of 8% per annum. Find the simple interest and amount to be paid after three years.

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Solution :-

Given Information :-

• ■ Principle ( P ) = Rs. 36,000
• ■ Rate percent ( R ) = 8% p.a.
• ■ Time ( T ) = 3 years

To Find :-

• ■ Amount ( A ) after 3 years.

Formulas Used :-

• ■ Simple Interest = ( Principle × Rate × Time ) / 100
• ■ Amount = Simple Interest + Principle

Calculation :-

■ Simple Interest = ( Principle × Rate × Time ) / 100

Substituting the values given, We get,

⇒ Simple Interest = ( 36,000 × 8 × 3 ) / 100

Cancelling the zeroes of 36,000 and 100, We get,

⇒ Simple Interest = ( 360 × 8 × 3 )

⇒ Simple Interest = Rs. 8,640

∴ Simple Interest = Rs. 8,640

Now calculating the Amount,

■ Amount = Simple Interest + Principle

Substituting the calculated values,

⇒ Amount = Rs. 8,640 + Rs. 36,000

⇒ Amount = Rs. 44,640

∴ Amount = Rs. 44,640

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Final Answers :-

• The Simple Interest will be Rs. 8,640.
• The Amount will be Rs. 44,640.

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