Sheela took a loan of 8000 from a bank which charges simple interest at the rate of 9% per
annum for 1 year. But she settled the loan in 3 months. Find the amount paid by her. (no scams please)
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Answer:
Loan amt - ₹8000
rate @which bank charges - 9% p.a
Therefore P×R×T/100 =SI
8000×9×.4/100
=28800/100
=₹288
TOTAL AMT = PRINCIPLE +RATE
8000+288=8288
THEREFORE
SI = 288
AMT =8288
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