Shalini borrowed ₹ 35,000 at a simple interest rate 8. 5 % per annum. How much money will she pay at the end of 4 years to clear her debt

₹ 11,900

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₹ 46,900

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₹ 42,900

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₹ 35,000

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Solution

The correct option is B
₹ 46,900

Given P = ₹ 35,000 R = 8.5 % / annum and T = 4 years

I = $\frac{P \times T \times R}{100}$

= $\frac{35, 000 \times 4 \times 8.5}{100}$

= ₹ 11,900

Hence amount to be paid at the end of 4 years = P + I

= 35,000 + 11,900

= ₹ 46,900

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Shalini borrowed ₹ 35,000 at a simple interest rate 8. 5 % per annum. How much money will she pay at the end of 4 years to clear her debt

The correct option is B ₹ 46,900 Given P = ₹ 35,000 R = 8.5 % / annum and T = 4 years I = P×T×R100 = 35,000×4×8.5100 = ₹ 11,900 Hence amount to be paid at the end of 4 years = P + I = 35,000 + 11,900 = ₹ 46,900

The correct option is B
₹ 46,900

Given P = ₹ 35,000 R = 8.5 % / annum and T = 4 years

I = $\frac{P \times T \times R}{100}$

= $\frac{35, 000 \times 4 \times 8.5}{100}$

= ₹ 11,900

Hence amount to be paid at the end of 4 years = P + I

= 35,000 + 11,900

= ₹ 46,900