Maya took a loan for Rs 4500 at 5.5 of simple interest per annum for 4

1.	Maya took a loan for Rs 4500 at 5.5 of simple interest per annum for 4 months.find the interests and the amount sheela has to pay at the end of 4 months
Answer» Answer:- <P> Given: PRINCIPLE (P) = Rs. 4500 Rate of INTEREST (R) = 5.5 % Time (T) = 4 months 1 month = 1/12 years. ⟶ 4 months = 4/12 = (1/3) years. We know that, SI = PTR/100 so, ⟶ SI = (4500)(1/3)(5.5) / 100 ⟶ SI = 15(5.5) ⟶ SI = Rs. 82.5 Now, Amount = Principle + Interest ⟶ Amount = 4500 + 82.5 ⟶ Amount = Rs. 4582.5 ∴ MAYA has to pay an amount of Rs. 4582.5 with an interest of Rs. 82.5

Maya took a loan for Rs 4500 at 5.5 of simple interest per annum for 4 months.find the interests and the amount sheela has to pay at the end of 4 months

Answer»

<P>

Given:

PRINCIPLE (P) = Rs. 4500

Rate of INTEREST (R) = 5.5 %

Time (T) = 4 months

⟶ 4 months = 4/12 = (1/3) years.

We know that,

so,

⟶ SI = (4500)(1/3)(5.5) / 100

⟶ SI = 15(5.5)

Now,

⟶ Amount = 4500 + 82.5

∴ MAYA has to pay an amount of Rs. 4582.5 with an interest of Rs. 82.5