Solve the following (0)
Ritu borrowed Rs. 25000 from a bank
hat the rate of 8 p. c.pc for 3 years.
How much amount did she retum to
the bank at the end of the portod?
Answers
➤ Correct Question :-
Ritu borrowed Rs. 25000 from a bank at the rate of 8% for 3 years. How much amount did she return to the bank at the end of the period ?
➤ Given :-
Principle :- ₹ 25000
Rate of interest :- 8%
Time :- 3 years
➤ To Find :-
Total amount returned to the bank..........
➤ Formula required :-
➤ Solution :-
First, we should find the simple interest by multiplying principle, rate and time and then divided by 100..........
Simple Interest :-
Now,
Total amount :-
The total amount to be paid at end of the period is ₹ 25600.
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Some related formulas :-
Simple Interest :-
Principle :-
Rate of interest :-
Time :-
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More to know..................
- Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
- Principal is the amount given at first from lender to borrower.
- Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
- Time is given for the borrower to return back the given money with the given interest.
Step-by-step explanation:
➤ Correct Question :-
Ritu borrowed Rs. 25000 from a bank at the rate of 8% for 3 years. How much amount did she return to the bank at the end of the period ?
➤ Given :-
Principle :- ₹ 25000
Rate of interest :- 8%
Time :- 3 years
➤ To Find :-
Total amount returned to the bank..........
➤ Formula required :-
{\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{P \times R \times T}{100} + Principle}}}}⇢
100
P×R×T
+Principle
➤ Solution :-
First, we should find the simple interest by multiplying principle, rate and time and then divided by 100..........
Simple Interest :-
\tt \longrightarrow \dfrac{25000 \times 8 \times 3}{100}⟶
100
25000×8×3
{\tt \longrightarrow \dfrac{\cancel{25000} \times 8 \times 3}{\cancel{100}} = \boxed{\tt 250 \times 8 \times 3}}⟶
100
25000
×8×3
=
250×8×3
{\tt \longrightarrow 200 \times 3 = \boxed{\tt Rs \: \: 600}}⟶200×3=
Rs600
Now,
Total amount :-
{\tt \longrightarrow 25000 + 600}⟶25000+600
{\tt \longrightarrow Rs \: \: 25600}⟶Rs25600
\Huge\therefore∴ The total amount to be paid at end of the period is ₹ 25600.
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\dashrightarrow⇢ Some related formulas :-
Simple Interest :- {\boxed{\tt\dfrac{P \times R \times T}{100}}}
100
P×R×T
Principle :- {\boxed{\tt\dfrac{SI \times 100}{R \times T}}}
R×T
SI×100
Rate of interest :- {\boxed{\tt\dfrac{SI \times 100}{P \times T}}}
P×T
SI×100
Time :- {\boxed{\tt\dfrac{SI \times 100}{P \times R}}}
P×R
SI×100