7.7 1.200 was borrowed with simple interest for 8 months at 8 p.e.p.a.

1.	7.7 1.200 was borrowed with simple interest for 8 months at 8 p.e.p.a. How muchmoney should be repaid after 8 months?(2009(1) 64 (2) 7 1.264 (3) 1.136 (4) * 1.968
Answer» (a) 64 is a correct answer Given,Principal amount P = 1200,Rate of Interest R = 8%Time period = 8/12 = 2/3 yearSimple Interest = SI WE KNOW,SI = PRT/100 = 120082/300 = 4*16 = 64 Therefore, Amount he repaid after 8 months = Rs 1200 + 64= Rs 1264(2) is correct option

7.7 1.200 was borrowed with simple interest for 8 months at 8 p.e.p.a. How muchmoney should be repaid after 8 months?(2009(1) 64 (2) 7 1.264 (3) 1.136 (4) * 1.968

Answer»

(a) 64 is a correct answer

Given,Principal amount P = 1200,Rate of Interest R = 8%Time period = 8/12 = 2/3 yearSimple Interest = SI

WE KNOW,SI = P*R*T/100 = 1200*8*2/300 = 4*16 = 64

Therefore, Amount he repaid after 8 months = Rs 1200 + 64= Rs 1264(2) is correct option