A businessman borrowed Sh. 120,000 from a bank the bank charged Simple interest at the rate of 16% pa the he…

Question

A businessman borrowed Sh. 120,000 from a bank the bank charged Simple interest at the rate of 16% pa the he repaid the loan after 3 years Find a) the interest he paid b) the total amount the paid

ScanSolve AI Tutor · Accepted Answer

Hili ni swali kuhusu riba rahisi (simple interest). Kutoka kwenye swali, tunapewa: Kiasi cha mkopo (Principal, P) = Sh 120,000; Kiwango cha riba (Rate, R) = 16% kwa mwaka (p.a.); Muda (Time, T) = miaka 3 a) Tafuta riba aliyolipa Step 1: Tumia fomula ya riba rahisi. Fomula ya riba rahisi (I) ni: I = (P × R × T)/(100) Step 2: Badilisha thamani za P, R, na T kwenye fomula. I = (120,000 × 16 × 3)/(100) Step 3: Fanya hesabu. I = (5,760,000)/(100); I = 57,600 Riba aliyolipa ni: Sh 57,600 b) Tafuta jumla ya kiasi alicholipa Step 4: Tumia fomula ya jumla ya kiasi. Jumla ya kiasi (A) alicholipa ni jumla ya kiasi cha mkopo na riba: A = P + I Step 5: Badilisha thamani za P na I kwenye fomula. A = 120,000 + 57,600; A = 177,600 Jumla ya kiasi alicholipa ni: Sh 177,600

A businessman borrowed Sh. 120,000 from a bank the bank charged Simple interest at the rate of 16% pa the he repaid the loan after 3 years Find a) the interest he paid b) the total amount the paid

Answers

Step-by-step solution

Part a· 3 steps

Tumia fomula ya riba rahisi.

Badilisha thamani za $P$ , $R$ , na $T$ kwenye fomula.

Fanya hesabu.

Part b· 2 steps
$\text{Sh 177,600}$

Tumia fomula ya jumla ya kiasi.

Badilisha thamani za $P$ na $I$ kwenye fomula.

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A businessman borrowed Sh. 120,000 from a bank the bank charged Simple interest at the rate of 16% pa the he repaid the loan after 3 years Find a) the interest he paid b) the total amount the paid

Answers

Step-by-step solution

Part a· 3 steps

Tumia fomula ya riba rahisi.

Badilisha thamani za PPP, RRR, na TTT kwenye fomula.

Fanya hesabu.

Part b· 2 stepsSh 177,600\text{Sh 177,600}Sh 177,600

Tumia fomula ya jumla ya kiasi.

Badilisha thamani za PPP na III kwenye fomula.

Try one yourself

Still stuck on this one?

More Mathematics Questions

Badilisha thamani za $P$ , $R$ , na $T$ kwenye fomula.

Part b· 2 steps
$\text{Sh 177,600}$

Badilisha thamani za $P$ na $I$ kwenye fomula.