. A farmer Sanju borrowed Rs. 60,000 from a bank at 8% per annum, for 2 years for purchasing a tractor
(i) Write the formula to find simple interest.
(ii) Find the interest Sanju has to pay to bank,
(ii) Write the formula to find amount.
(iv) What amount Sanju have to pay after the given time?
7. One had apple is accidently mixed with some good apples in a basket. As a result of which 25% of the total apples go bad. Now the number of good apples in the basket is 30.
(i)What is the percentage of good apples in the basket now?
(ii) Find the total number of apples kept in the basket
(iii) What is the number of bad apples in the basket now?
(iv) What is the ratio of good apples to bad apples in the baskets now?
Answers & Comments
Verified answer
Step-by-step explanation:
i) simple interest = Principal × rate × time
100
ii) S. I. = Principal × rate × time
100
=60,000 × 8 × 2
100
= 600 × 8 ×2
= 4800 × 2
= Rs.9600
The interest Sanju has to pay to bank rs. 9600
iii) amount =principal + simple interest
iv) amount =principal + simple interest
=60,000 +9600
=Rs. 69600
amount Sanju have to pay after the given time
is Rs. 69600