Harish borrowed ₹15000 from Subhash At 16% Per annum for 3 (1 by 2)

1.	Harish borrowed ₹15000 from Subhash At 16% Per annum for 3 (1 by 2) years. Find the interest and amount paid by Harish to Subhash.
Answer» ≡QUESTION≡ Harish BORROWED ₹15000 from Subhash At 16% Per ANNUM for 3 (1 by 2) years. Find the interest and amount paid by Harish to Subhash. ║⊕ANSWER⊕║ Principle = RS. 15000 Rate = 16 % Time = 7/2 years SIMPLE interest $\frac{P * R * T}{100}$ $\frac{15000 * 16 * 3.5}{100}$ $= 8400$ $Amount = P + SI\\ = 15000 + 8400\\= 23400$ ∴ Simple interest = 8400 Rs. Amount paid = 23400 Rs.

Harish borrowed ₹15000 from Subhash At 16% Per annum for 3 (1 by 2) years. Find the interest and amount paid by Harish to Subhash.

Answer»

≡QUESTION≡

Harish BORROWED ₹15000 from Subhash At 16% Per ANNUM for 3 (1 by 2) years. Find the interest and amount paid by Harish to Subhash.

║⊕ANSWER⊕║

Principle = RS. 15000

Rate = 16 %

Time = 7/2 years

SIMPLE interest

$\frac{P * R * T}{100}$

$\frac{15000 * 16 * 3.5}{100}$

$= 8400$

$Amount = P + SI\\ = 15000 + 8400\\= 23400$

∴ Simple interest = 8400 Rs.

Amount paid = 23400 Rs.

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