2. Amisha borrowed 718,000 at 8% for
2.5 years. Find the simple interest and
amount she has to pay.
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2. Amisha borrowed 718,000 at 8% for
2.5 years. Find the simple interest and
amount she has to pay.
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Answer:
Principle : ₹718000 , Rate : 8% , time : 2.5 years
Simple interest = P × R × T /100
718000 × 8 × 2.5 / 100
= ₹143600
Amount = Simple interest + principle
= 143600 + 718000
= ₹861600
Step-by-step explanation:
2. Amisha borrowed 718,000 at 8% for 2.5 years. Find the simple interest and amount she has to pay.
Principal = 718, 000
Rate = 8%
Time = 2.5years
Simple Interest?
Amount = SI + Principal
143600 + 718000