Question

Manu borrowed Rupees 8500 at the rate of 5% interest per annum for 150 days. Find the interest and amount he paid

Answer 1

I think the answer is 8674.66

Answer 2

See below

Explanation:

5% interest = .05 :

8500 x .05 x 150days /365 days/year = R 174 .66 = interest......

then amount to be paid = 8500+ 174.66 = R 8674.66