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Julia takes out a loan to buy a new car. She borrows £8000 over 5 years at a simple interest rate of 10%.
Calculate how much interest she will pay.

Respuesta :

Nepalieducation

Answer:

here,

principle(p)=£8000

time(t)=5 years

rate(r)=10%

now,

Interest=PTR/100

         =8000 x 5 x 10/100

        =£4000

Step-by-step explanation:

AadhPrit

Answer:

Julia will pay £4000 as interest.

Step-by-step explanation:

As per given question we have provided that :

  • ➣ Principal = £8000
  • ➣ Time = 5 years
  • ➣ Rate = 10%

Here's the required formula to find the Principal :

[tex]{\longrightarrow{\pmb{\tt{I= \dfrac{PRT}{100}}}}}[/tex]

  • ↝ I = Interest
  • ↝ P = Principal
  • ↝ R = Rate
  • ↝ T = Time

Substituting all the given values in the formula to find the Principal :

[tex]{\implies{\sf{Interest= \dfrac{PRT}{100}}}}[/tex]

[tex]{\implies{\sf{Interest= \dfrac{P \times R \times T}{100}}}}[/tex]

[tex]{\implies{\sf{Interest= \dfrac{8000 \times 10 \times 5}{100}}}}[/tex]

[tex]{\implies{\sf{Interest= \dfrac{80 \cancel{00} \times 10 \times 5}{1 \cancel{00}}}}}[/tex]

[tex]{\implies{\sf{Interest= 80 \times 10 \times 5}}}[/tex]

[tex]{\implies{\sf{Interest= 800 \times 5}}}[/tex]

[tex]{\implies{\sf{\underline{\underline{Interest = 4000}}}}}[/tex]

Hence, the interest is £4000.

[tex]\rule{300}{2.5}[/tex]

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