A man borrows rupees 2000 and pays back after 3 years at 10% simple interest.The amount paid by the man will be?
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A man borrows rupees 2000 and pays back after 3 years at 10% simple interest.The amount paid by the man will be?
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Answer:
AMOUNT will be 1400 rupees
[tex]\huge\underline\mathfrak\purple{SolutiOn:}[/tex]
cost price = 2000
time = 3 years
rate = 10% per annum
Sl = [tex] \frac{200 \times 3 \times 100}{100} [/tex]= 6000
[tex]{\bold{\underline{\underline{Amount\:=\:2600}}}}[/tex]