CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

Sam takes a loan of ₹ 8,000 to buy a used truck at the rate of 9 % Simple Interest. Calculate the interest he pays at the end of the year.
  1. ₹330
  2. ₹550
  3. ₹1000
  4. ₹720


Solution

The correct option is D ₹720
The amount borrowed = ₹ 8000
And, the rate of interest = 9%
 Let the interest to be paid annually be x 
x8000=9100
x=9×80
x=720
 

flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
QuestionImage
QuestionImage
View More...



footer-image