Arjun borrowed Rs. 500 for his loan in a bank at 5% per annuam. Find the simple interest
and sum assured that he pays to the

1 thought on “Arjun borrowed Rs. 500 for his loan in a bank at 5% per annuam. Find the simple interest<br />and sum assured that he pays to the”

1. Answer:

   Interest = principal×rate×time/100

   I = 500× 5 ×1/100

   INTEREST=RS.25

   Sum assured= Rs.500+25

   SUM ASSURED= RS.525

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