Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
353 views
in Simple Interest by (29.6k points)
closed by

Ahmad Chacha borrowed Rs 25,000 at 12 p.c.p.a. for a year. What amount will he have to return to the bank at the end of the year?

1 Answer

+1 vote
by (34.5k points)
selected by
 
Best answer

Principal Amount = Rs 25,000 

Rate of interest = 12 p.c.p.a.

Let interest on principal Rs 25,000 be Rs x 

By taking ratio of the interest to the principal for both, we obtain an equation

Amount to be returned to the bank at the end of the year = Principal Amount + Interest 

= Rs 25,000 + Rs 3,000 

= Rs 28,000 

Ahmad Chacha has to return Rs 28,000 to the bank at the end of the year.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...