A music teacher borrowed ₹8,200 from a friend at 6.5% simple interest per annum. After 3 years, he repaid the amount along with a small donation of ₹280 to his friend’s charity. Find the total amount he paid.
Show answer & explanation
Correct answer: A
Explanation
Given:
P = 8200, R = 6.5%, T = 3 years, Donation = 280
According to the formula:
SI = (P × R × T) / 100
SI = (8200 × 6.5 × 3) / 100 = 1599
Total Amount = 8200 + 1599 + 280 = 10079