07 Sandeepbhau borrowed
120000 rupees from a bank for
4 years at the rate of 8 1/2
p.c.p.a. for his son's education
What is the total amount he
returned to the bank at the end
of that period ?
Answers
Answered by
1
Answer:
160800
Step-by-step explanation:
Principal= 120000, P= 120000, R=8.5, T=4
Total interest= P×R×T÷100
= 120000×8.5×4÷ 100
= 120000× 85×4÷1000
=120×85×4
=40800
The total amount returned to the bank
= 120000+40800
= 160800 rupees.
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