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At 5% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear the debt after 4 years
- ARs. 400
- BRs. 600
- CRs. 800
- DRs. 1000
Correct answer: B
Discussion 1
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CCommunity
Rs. 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)=>Rs.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)=>Rs.600