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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 = 𝑃𝑅𝑇/100 = (5000 × 15 × 1)/100 = 50 × 15 = Rs 750 ∴ Anita has to play Rs 750 as interest at the end of one year

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.