Sita taken a loan of Rs. 7500 from a bank for 4 years 6 month at 10% p.a. What amount he will paid to bank to clear the debt?
Answers
Answered by
4
Answer:
Given principal = 6000 Rs
Time = 3 years 8 month =
3
11
years.
Rate = 12% per annum
We know simple interest =
100
PRT
SI=
100
6000×12
×
3
11
SI=24×11=2640
SI=2640Rs
Now amount = principal + SI
= 6000+2640
[ amount = 8640 Rs]
∴ 8640 Rs is that amount which will clear off her debt.
Answered by
7
Given principal = 7500 Rs
Time = 4 years 6 month = 11/2 years.
Rate = 10% per annum
We know simple interest = PRT/100
SI= 7500×10/100 × 11/2
SI = 375×11 = 4125
SI=4125Rs
Now amount = principal + SI
= 7500+4125
[ amount = 11625 Rs]
∴ 11625 Rs is that amount which will clear off her debt.
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