Question

what will be the intrest payable if the principal is rs.8750 and the amount paid is 9800?​

Answer 1

Step-by-step explanation:

Amount =9800

Principal =8750

Simple interest=amount -principal

=9800-8750=1050

Answer 2

The interest payable is Rs. 1050 for the given principal and amount.

Given:

The principal amount is Rs. 8750

The outstanding amount paid is Rs. 9800

As we know,

Amount = Principal + Interest

[ Interest can be simple or compound depending on the given conditions]

So, Interest payable= Amount- Principal = Rs. 9800-8750 = Rs. 1050.