Question

Shanta borrowed ₹6000 from the state bank of India for 3 years 8 months at 12% per annum . What amount will clear off her dept ?

Answer 1

Given:-

Principal ::- 6000 Rupees

Time ::- 3 years 8 months = 11/3 years


Rate:- 12% per annum

Simple interest;- (6000*12*11/3 )/100

= 2640 Rupees

Amount = Principal + Interest 

6000+2640 = Rs 8640.

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

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Answer 2

Answer:

First we have to find the SI

SI=P*R*T/100

=6000*12*11/3/100

=264000/100

=2640rs

total amount that will clear her debt

=SI+P

=6000+2640

=8640 RS

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