Question

1
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 ?​

Answer 1

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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