Arjun borrowed Rs. 500 for his loan in a bank at 5 percentage per annu

1.	Arjun borrowed Rs. 500 for his loan in a bank at 5 percentage per annuam. Find the simple interest and sum assured that he pays to the bank.
Answer» <P>ANSWER: $\bold{HERE \: PRINCIPAL (P) = RS. <klux>500</klux>}$ $\bold{RATE \: OF \: INTEREST (R) = 5\%}$ $\bold{TIME (T) = 1 \: YEAR}$ $\bold{SIMPLE \: INTEREST(I) = \frac{p \times r \times t}{100} }$ $\bold{ = \frac{500 \times 5 \times 1}{100} }$ = Rs. 25 AMOUNT( A ) TO BE PAID = P + I = 500 + 25 = Rs. 525 I = Rs. 25; A = Rs. 525 <U>HOPE!! THIS WILL HELP U.