Question

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

Answer 1

Answer:

Step-by-step explanation:

Principal=6000

Rate =12 %

Time =3 yrs=36mnths+8months=44months

S.I = P*[n(n+1)]*R/100*1/12

S.I = 6000 * (44*45)/2 *12/100 *1/12

S.I =59400

Amount =Principal*time +S.I

Amount = 6000*44+59400

AMOUNT=323400

Answer 2

Answer:

Here , In this question,

Principal = Rs 6000

Time = 3 yr 8 months = 3 + 8/12 = 11/3 years.

Rate = 12% per annum

So,

Simple Interest = PRT/100 = (6000*12*11/3 )/100

i.e. 2640.

Now, Amount = Principal + Interest

i.e 6000+2640 = Rs 8640.

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

Step-by-step explanation:

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