1 Written Practice iClass work/Homeworld
lal took a housing loan of 2,50,000 from a bank at 10 p.c.p.a. for 5 years. What is the
interest? What is the total amount he returns to the bank?
inn: Here. P = 2.50.000: R = 10 p.c.p.a.: T = 5 vears. I per vear?: A-?
are interest 2 u
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Step-by-step explanation:
I=P×R×T/100
=250000×10×5/100
=125000
A=P+I
=250000+125000
=375000
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