If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end…
2023
If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of six years how much interest Suresh has to pay along with principal amount?
Answer: B. Rs. 12960 — Step-by-Step SolutionTo find the interest Suresh has to pay, we use the simple interest formula: S.I. = (P × R × T) / 100. Identify the given values:…
- A.
Rs. 12560
- B.
Rs. 12960
- C.
Rs. 13500
- D.
Rs. 14500
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Correct answer: B
Step-by-Step Solution
To find the interest Suresh has to pay, we use the simple interest formula: S.I. = (P × R × T) / 100.
Identify the given values:
Principal (P) = Rs. 36000
Rate (R) = 6% p.a.
Time (T) = 6 years
Apply the simple interest formula:
Interest = (36000 × 6 × 6) / 100
Interest = 360 × 36
Calculate the final amount:
Interest = Rs. 12960
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