Question

sheela borrowed a sum of ₹10000 from leena at 7% per annum. find the interest and amount to be paid at the end of two years​, two members should answer​

Answer 1

Answer:

11,400

Step-by-step explanation:

interest=npr/100

= (10,000x7x2)/100

=1400

so, he has to pay 11,400

this is by simple interest

by compound interest it's answer will be 11,449

I= (7/100)+1

=1.07

so, for 2 years it will be 1.07x10,000(=)² 11,449

I hope it will help

Answer 2

$\huge \underline{ \underline{\bf\blue{ Answer :}}}$

• Sheela will return Rs. 11,400 including the interest of Rs. 1400 at the end of 2 years.

$\huge \underline{ \underline{\bf\blue{ Explanation :}}}$

• Sheela borrowed = Rs. 10,000
• Rate = 7%
• Interest at the end of = 2 years
• Amount and interest = ??

Using the formula :

$\boxed{\sf{SI = \frac{Principal \times Rate \times Time}{100}}}$

• Principal = Rs. 10,000
• Rate = 7%
• Time = 2 years

$\sf{\longrightarrow \: {SI = \dfrac{10000\times 7 \times 2}{100}}}$

$\sf{\longrightarrow \: {SI = \dfrac{100\times 14}{1}}}$

$\sf{\longrightarrow \: {SI =100 \times 14}}$

$\sf{\longrightarrow \: {SI =1400}}$

Interest = Rs. 1400

____________________________________

$\boxed{\sf{Amount = Principal + Simple \: Interest}}$

• Principal = Rs. 10,000
• Simple Interest = Rs. 1,400

$\sf{\longrightarrow \: Amount = 10000 + 1400}$

$\sf{\longrightarrow \: Amount = 10000 + 1400}$

$\sf{\longrightarrow \: Amount = 11400}$

Therefore, Sheela will return Rs. 11,400 including the interest of Rs. 1400 at the end of 2 years.