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Avala borrowed Rs 4800 at a simple interest rate of 12.5% per annum for 2 years. Calculate the total interest paid by Avala?Options1400 1250 13001200

Question

Avala borrowed Rs 4800 at a simple interest rate of 12.5% per annum for 2 years. Calculate the total interest paid by Avala?Options1400 1250 13001200
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Solution 1

To calculate the simple interest, you can use the formula:

Interest = (Principal amount * Rate * Time) / 100

Here, the principal amount is Rs 4800, the rate is 12.5% per annum, and the time is 2 years.

So,

Interest = (4800 * 12.5 * 2) / 100 Interest = Rs 1200

So, Avala paid Rs 1200 as interes Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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