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- At 5% per annum simple interest, Rahul borrowed Rs.
Question 1:
At 5% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear the debt after 4 years A. 750
B. 700
C. 650
D. 600
Feedback We need to calculate the total amount to be paid by him after 4 years, So it will be Principal + simple interest.So,
=>500+500x5x4/100 = Rs.600
=>500+500x5x4/100 = Rs.600
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