Question

Tinu borrowed Rs. $5000$ from his cousin Garcia at the rate of $10$% per annum. She repaid the amount after $3$ years. How much did she repay?

• A. Rs.$5,000$
• B. Rs.$5,500$
• C. Rs.$6,000$
• D. Rs.$6,500$

Answer 1

Answer: (D)

Rs.$6,500$

$\Rightarrow$ Here $P=rs.5000,R=10\%$ and $T=3years$

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

$\Rightarrow$ $S.I.=\frac{5000\times 10\times 3}{100}=Rs.1500$

$\Rightarrow$ Amount repaid after 3 years = $P+S.I.=Rs.5000+Rs.1500=Rs.6500$