Question

shanta borrowed rs.6000 from the state bank of india for 3 years 8 months at 12% per annum.what amount will clear off her debt.
plz solve this...

Answer 1

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.

Hope you will find it helpful.....
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Answer 2

Given P = 6000, R = 12%, T = 3 years 3 months = 44/12 years.

We know that SI = P * R * T/100

                             = 6000 * 12 * 44/1200

                             = 2640.


We know that Amount = Principal + SI

                                      = 6000 + 2640

                                      = 8640.


Hope this helps!