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Rate Compounded Anually or Half-Yearly

Anitha borrow...

Question

Anitha borrowed Rs. $400$ from her friend at the rate of $12 %$ per annum for $2.5$ years.Find the interest and amount paid by her.

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Solution

Here $P = R s .400, R = 12 %$ per annum and $T = 2.5$ years
Simple interest $= \frac{P R T}{100} = \frac{400 \times 12 \times 2.5}{100} = 4 \times 12 \times 2.5 =$ Rs. $120$
Amount paid by her $= P + I = 400 + 120 =$ Rs. $520$

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