Question

Usui borrowed ₹8000 fro the bank at the rate of 12% pa for 3 and a half years. Find the interest and amount paid by him

Answer 1

Answer:

Amount = 11360

Interest =3360

Step-by-step explanation:

Principal =8000

Rate of interest =12

Time=7/2 yrs

Interest = PRT/100

= 8000×12×7/100×2

=3360

AMOUNT =PRINCIPAL +INTEREST

=8000+3360

=11360