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5
24. A man takes a loan of 60,000 at 12 %
simple interest per annum and at the end of 4
years he repays * 40,000 as principal and
interest. How much money he will have to
pay after 4 years more to repay the total
loan ?
Answers
Answered by
0
Answer: Hey mate answer is Rs. 888000 .
Step-by-step explanation:
Principle = Rs. 60,000
Rate = 12%
Time = 4 years
Simple Interest = P * R *T / 100
= 60,000 * 12 * 4 / 100
= 28800.
Amount = Principle + Simple Interest
= Rs. 60,000 + Rs. 28800
= Rs. 888000
Therefore , he will pay Rs. 888000 after 4 years more to repay the total loan .
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