Question

Tanya borrows Rs. 500 from her brother to purchase a dress. Her brother asks her to pay simple interest for that. The rate of interest is 7% for 1years. How much amount should Tanya pay to her brother after 1years​

Answer 1

Answer:

Rs. 535

Step-by-step explanation:

Given: P= Rs. 500

R= 7%

T= 1 year

we know,

Interest, I= P×R×T/100

= 500×7×1/100

I= 35

Amount= P + I=500+ 35= Rs. 535.

Answer 2

Step-by-step explanation:

Given p=500

R=7%

T= 1 year

We know that,

SI = P×R×T ÷100

SO ,

500×7×1 ÷ 100

= 35

THEN,

a

Amount = P + I

35 + 500

=535 ans.