Simple Interest Practice Test 2

Question : 9 of 40

Marks: +1, -0

Leela borrowed a sum of Rs 9,200 from Suman for 3 years 6 months at the rate of

10 1/2

per cent per annum. Find the amount which would be returned by Leela.

Solution:

P = Rs 9,200, R =

21/2%

, T = 3 years 6 months =

7 /2

= years

∴SI={P×R×T}/100

={9200×21/2×7/2×1/100}

= Rs 3,381
Hence, amount = P + SI = Rs (9,200 + 3,381) = Rs 12,581

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