If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?Rs. 13500Rs. 13960Rs. 12960Rs. 12500
Question
If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?Rs. 13500Rs. 13960Rs. 12960Rs. 12500
Solution
To calculate the interest amount that Suresh has to pay along with the principal amount, we can use the formula for simple interest:
Simple Interest = (Principal * Rate * Time) / 100
Given that Suresh borrowed Rs. 36000 from Mahesh at a rate of interest of 6% for a period of 4 years, we can substitute these values into the formula:
Simple Interest = (36000 * 6 * 4) / 100
Simplifying this expression, we get:
Simple Interest = (864000) / 100 Simple Interest = 8640
Therefore, Suresh has to pay Rs. 8640 as interest along with the principal amount.
None of the given options (Rs. 13500, Rs. 13960, Rs. 12960, Rs. 12500) match the calculated interest amount of Rs. 8640.
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