Question

Anita takes a loan of rupees 5000 at 15 percent per year as rate of interest. Find the interest she has to pay at end of 1 year.

Answer 1

Dear student
$$\begin{gathered} \mathrm{Here},\mathrm{P}=\mathrm{Rs}5000,\mathrm{R}=15\%\mathrm{p}.\mathrm{a},\mathrm{T}=1\mathrm{year} \\ \mathrm{Simple}\mathrm{Interest}=\frac{\mathrm{P}\times \mathrm{R}\times \mathrm{T}}{100}=\frac{5000\times 15\times 1}{100}=\mathrm{Rs}750 \\ \mathrm{So},\mathrm{at}\mathrm{the}\mathrm{end}\mathrm{of}1\mathrm{year}\mathrm{Anita}\mathrm{has}\mathrm{to}\mathrm{pay}\mathrm{a}\mathrm{interest}\mathrm{of}\mathrm{Rs}750. \end{gathered}$$
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