Vikas pays rupees 770 per annum simple interest how muchp will he pay in (a) 3years. (b) 6years (c) 10years
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Vikas pays rupees 770 per annum simple interest how muchp will he pay in (a) 3years. (b) 6years (c) 10years
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Let the Principal be 100/-
Amount = P + (P x T x R / 100)
For the 4th year A = 100 + ( 100x4x5/100) = 120
For the 3rd year A = 100 + (100x3×5/100) = 115
For the 2nd year A = 100 + (100×2×5/100) = 110
For the 1st year A = 100 + (100×1×5/100) = 105 and for last. A = 100+(100×0×5/100) = 100
So, total amount for 5 years is 550/- for Principal Rs 100/- ,
For a debt of Rs 770/- ———-
Amount 550 ——- Principal 100
Amount 1 ———— 100/550
Amount 770 ———- 100/550 x 770 = 140/-