Question

shanta borrowed Rs.8000 from SBI for 5years at 11 per annum what amount will clear her debt​shanta borrowed Rs.8000 from SBI for 5years at 11 % per annum what amount will clear her debt ​

Answer 1

Answer:

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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Answer 2

Step-by-step explanation:

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