Bindra borrowed rs 3500 from a friend and repaid him with interest at the rate of 8%per annum after 8 - Maths - Direct and Inverse Variations

Question

Bindra borrowed rs 3500 from a friend and repaid him with interest
at the rate of 8%per annum after 8 months what is the amount he
paid back? Please tell me

Neha Sethi · Accepted Answer

Amount borrowed=Rs 3500Simple interestS
I=PRT100where PrincipalP=Rs 3500TimeT=8 months=812 yearRate of interest=8%So, S
I=3500×8×812×100=5603=186
67So amount that he has to payback=Principal+S
I=Rs 3500+186 67=Rs 3686 67

Bindra borrowed rs.3500 from a friend and repaid him with interest at the rate of 8%per annum after 8 months.what is the amount he paid back? Please tell me ........