Question
A borrowed Rs. 9500 from B for his business. How much
amount A will return to B at the end of 36 months such that the sum was borrowed at simple interest of 25% p.a.?Solution
ATQ, Principal (P) = Rs. 9500 Rate (R) = 25% per annum Time (T) = 36 months = 3 years Simple Interest (SI) formula:
Total amount to return = 9500+7125 =Â Rs.16,625 Hence, A will return Rs.16,625 after 36 months.
Why is effective networking important in the workplace?
Why is tolerance important in a diverse society?
What is the purpose of stores management?
Why is perseverance important in achieving long-term goals?
What is the primary purpose of the "Golden Rule" in ethics?
What role does mentorship play in career advancement?
What ethical principle is violated when a public official engages in bribery or corruption?
What is the primary purpose of project appraisal?
Non-partisanship refers to:
What does job design focus on?