At 5% per annum simple interest, Raheel borrowed Rs. 500. What amount will he pay to clear the debt after 4 years
We need to calculate the total amount to be paid by him after 4 years, So it will be Principal + simple interest. So, ⇒ 500 + 500 × 5 × 4 100 ⇒ 500 + 100 = 600
We need to calculate the total amount to be paid by him after 4 years, So it will be Principal + simple interest.
So,
⇒ 500 + 500 × 5 × 4 100
⇒ 500 + 100 = 600
1297 MCQ for effective preparation of the test of Interest of Word Problems section.
Read the MCQ statement: At 5% per annum simple interest, Raheel borrowed Rs. 500. What amount will he pay to clear the debt after 4 years , keenly and apply the method you have learn through the video lessons for Interest to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 210-12977.