Question

2. A man takes a loan of * 50,000 from a bank and pays it back after 3 years. The
bank charges simple interest at the rate of 12.5% per annum. Calculate:
(i) the interest charged by the bank.
(ii) the amount of money the man has to pay to the bank to clear the loan.​

Answer 1

Answer:

Only you have to find simple intrest using formula then add the simple intrest with principal it the formula of amount