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Example 20 - Anita takes a loan of Rs 5,000 at 15% per year as rate of

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Example 20 Anita takes a loan of Rs 5,000 at 15% per year as rate of interest. Find the interest she has to pay at the end of one year. P = Rs 5000 R = 15% p.a T = 1 year S.I = ๐‘ƒ๐‘…๐‘‡/100 = (5000 ร— 15 ร— 1)/100 = 50 ร— 15 = Rs 750 โˆด Anita has to play Rs 750 as interest at the end of one year

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 13 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.