Saved Bookmarks
| 1. |
coach bernard borrowed money from his friend 8percent simple interest if he paid an interest of 480.00 after 18 months how much money did he borrow? |
|
Answer» Given : coach bernard borrowed money from his friend 8 PERCENT simple interest He paid an interest of 480.00 after 18 months To Find : how much money did he borrow Solution: coach bernard borrowed money = P RATE of interest = 8 % per annum Time = 18 month = 1 .5 years SI = 480 480 = P * 8 * 1.5 /100 => 480 x 100 = 12P => 40 * 100 = P => P = 4000 Amount borrowed = Rs 4000 Learn More: find the simple interest when rate is 5% half yearly for 2.5 years ... on what sum of money will the difference between the simple ... A sum of rs 468.75 was lent out at simple interest and at the end of 1 ... |
|