a man borrows rs 2000 from a bank for a period of 3months at a rate of 15% p.a.find the amount he has to repay

Answer 1

I = P r t, where

I = interest
P = Principal = 2,000
r = Interest rate = 15% = 0,15
t = time = 3 months = 3/12 years = 1/4 years

Therefore,

I = 2,000 * 0,15 * 1/4 = 75

So, the total amount he has to repay, T = P + I = 2,000+75 = 2,075.

Answer 2

In simple interest, interest can be calculated by the formula,
i = P × R × N / 100, where

i = interest
P = Principal = 2,000
R = Interest rate = 15%
N = time period in years. here it is 3 months = 3/12 years = 1/4 years
Therefore,
i = 2000 × 15 × 1/100 × 4
= 75

Amount = Principal + interest
A = P + I = 2000+75 = 2075.

Answer 3

if it is simple interst then the amount will be 2000*3/12*15/100 + 2000 = 2075
if it is compound interest then amount will be 2000[1+0.15]^3/12
=2000 [1.15]^1/4
=2000*1.035
2071

Answer 4

Rate, r = 15/100;
time, t = 3/12;
Capital, C = 2000;
Amount, A = C*((1+r)^t) = 2071;

Therefore, Rs 2071/- has to be paid. --- --- (ans).

Answer 5

Rs.684/-per month as EMI for 3 months, total amount of Rs.2052/-

Answer 6

the top of the international! complete industries might ought to close down as quickly as a month to accomodate it! besides the reality that if adult men had sessions something could have been invented to cause them to soooooo lots much less complicated! There could be no VAT on sanitary secure practices the two!

Answer 7

Or if it is continuously compounded interest ...
Repay = 2000 * e ^ (0.15/4)
Repay = 2076.42

Answer 8

Rs.2073.97 or to round off Rs.2074/-

Answer 9

Rs 2075/-

Answer 10

2075