Question

sheela borrowed a sum of ₹10000 from leena at 7% per annum. find the interest and amount to be paid at the end of two years​

Answer 1

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Answer:

• Sheela will return Rs. 11,400 including the interest of Rs. 1400 at the end of 2 years.

Explanation:

• Sheela borrowed = Rs. 10,000
• Rate = 7%
• Interest at the end of = 2 years
• Amount and interest =

Using the formula:

`\boxed{\pmb{\pink{\sf{SI = (Principal * Rate * Time)/(100)}}}}`

• Principal = Rs. 10,000
• Rate = 7%
• Time = 2 years

`\begin{gathered}\sf{\longrightarrow \: {S.I = (10000* 7 * 2)/(100)}}\\\\\sf{\longrightarrow \: {S.I = (100* 14)/(1)}}\\\\\sf{\longrightarrow \: {S.I =100 * 14}}\\\\\bold{\longrightarrow \: {S.I =1400}}\end{gathered}`

Interest=Rs1400_______________

`\boxed{\pmb{\red{\sf{Amount = Principal + Simple \: Interest}}}}`

• Principal = Rs. 10,000
• Simple Interest = Rs. 1,400

`\begin{gathered}\sf{\longrightarrow \: Amount = 10000 + 1400}\\\\\sf{\longrightarrow \: Amount = 10000 + 1400}\\\\\bold{\longrightarrow \: Amount = 11400}\end{gathered}`

Therefore,

Shela will return Rs. 11,400 including the interest of Rs. 1400 at the end of 2 years.

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