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Standard VII

Mathematics

Profit and Loss Percentage

Ashish borrow...

Question

Ashish borrowed ₹10,000 from Amit at a simple interest rate of 7% per annum for 18 months. He has to pay to Amit at the end of 18 months.

₹11,050

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₹12,050

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₹15,550

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Solution

The correct option is A ₹11,050
Given: Principal = ₹10,000, Rate of interest = 7% p.a.,
Time period = 18 months
18 months = 1 $\frac{1}{2}$ years = $\frac{3}{2}$ years
Period = $\frac{3}{2}$ years

S.I. = $\frac{P R T}{100}$
S.I. = $\frac{10000 \times 7 \times 3}{2 \times 100}$
S.I. = ₹1,050
Amount = Principal + S.I.
Amount = ₹10,000 + ₹1,050
Amount = ₹11,050

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Ashish borrowed ₹10,000 from Amit at a simple interest rate of 7% per annum for 18 months. He has to pay to Amit at the end of 18 months.

The correct option is A ₹11,050Given: Principal = ₹10,000, Rate of interest = 7% p.a., Time period = 18 months 18 months = 112 years = 32 years Period = 32 years S.I. = PRT100 S.I. = 10000×7×32×100 S.I. = ₹1,050 Amount = Principal + S.I. Amount = ₹10,000 + ₹1,050 Amount = ₹11,050