(d) Shanta borrowed6000 from the State Bank of India for 3 years 8 mon – InterviewSolution

1.	(d) Shanta borrowed6000 from the State Bank of India for 3 years 8 months at12% per annum. what amount will clear off her debt?
Answer» Here , In this question,Principal = Rs 6000Time = 3 yr 8 months = 3 + 8/12 = 11/3 years.Rate = 12% per annumSo, Simple Interest = PRT/100 = (60001211/3 )/100i.e. 2640.Now, Amount = Principal + Interest i.e 6000+2640 = Rs 8640.Rs 8640 is that amount which will clear off her debt.

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