Satyam took a loan of ₹5000 at 15% per annum as rate of interest. Find the amount (in ₹) paid back by him at the end of the year .
5750

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Solution

The correct option is A 5750
Principal, P = ₹5000

Rate of interest, R = 15%

Time period, T = 1 year

Simple interest, I = PRT

$\Rightarrow$ I = $5000 \times \frac{15}{100} \times 1 = ₹ 750$

Amount to be paid = P + I

= ₹5000 + ₹750 = ₹5750

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Satyam took a loan of ₹5000 at 15% per annum as rate of interest. Find the amount (in ₹) paid back by him at the end of the year .5750

The correct option is A 5750Principal, P = ₹5000 Rate of interest, R = 15% Time period, T = 1 year Simple interest, I = PRT ⇒ I = 5000×15100×1=₹750 Amount to be paid = P + I = ₹5000 + ₹750 = ₹5750

Satyam took a loan of ₹5000 at 15% per annum as rate of interest. Find the amount (in ₹) paid back by him at the end of the year .
5750

The correct option is A 5750
Principal, P = ₹5000

Rate of interest, R = 15%

Time period, T = 1 year

Simple interest, I = PRT

$\Rightarrow$ I = $5000 \times \frac{15}{100} \times 1 = ₹ 750$

Amount to be paid = P + I

= ₹5000 + ₹750 = ₹5750