Question

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

Answer 1

Answer:

Rs.8640

Step-by-step explanation:

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.

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Answer 2

Answer:

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

Step-by-step explanation:

Given principal = Rs.6000

Time = 3 years 8 month =   11/3 years.

Rate = 12% per annum

We know simple interest =   $\frac{PRT}{100}$

​SI=   $\frac{6000X12}{100}X \frac{11}{3}$

SI= 24×11= 2640

SI= Rs.2640

Now amount = principal + SI

= 6000+2640

[ amount = 8640 Rs]

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