Question

Shyam lent out rs 800 at 12 p c p a after 5 yrs will get back

Answer 1

The amount that Shyam will get back is Rs. 1280.

• Given :

Amount lent out by Shyam(P) = Rs. 800

Rate of interest(R) = 12 pcpa

Number of years(N) = 5 years

• Formula to obtain the Simple Interest is

Simple Interest= $\frac{PNR}{100}$

• Evaluating Simple Interest for the given data

Simple Interest = $\frac{(800)(12)(5)}{100}$

Simple interest = Rs. 480

• Now, the amount that Shyam will get = Principal Amount + Simple Interest

Total amount = 800 + 480 =Rs. 1280

• Total amount received by Shyam is Rs. 1280.