Kirti took loan of Rs 800 at the rate of 11% per year for 7 months. After seven months she has to pay?

Rs 851

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Rs 852

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Rs 950

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Rs 951

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Solution

The correct option is A Rs 851
P = Rs 800 R = 11% per annum T = 7 months
SI after 7 months = $\frac{P R T}{100}$ = $\frac{800 X 11 X 7}{100 X 12}$ = 51
Amount = 800 + 51 = Rs 851

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Kirti took loan of Rs 800 at the rate of 11% per year for 7 months. After seven months she has to pay?

The correct option is A Rs 851P = Rs 800 R = 11% per annum T = 7 months SI after 7 months = PRT100 = 800X11X7100X12 = 51Amount = 800 + 51 = Rs 851

The correct option is A Rs 851
P = Rs 800 R = 11% per annum T = 7 months
SI after 7 months = $\frac{P R T}{100}$ = $\frac{800 X 11 X 7}{100 X 12}$ = 51
Amount = 800 + 51 = Rs 851