Question

2. Jethalal took a housing loan of 2,50,000
rupees from a bank at 10 p.c.p.a. for 5
years. What is the yearly interest he must
pay and the total amount he returns to the
bank?
​

Answer 1

Answer:

yearly amount= 75000

main amount= 375000

Step-by-step explanation:

p = 250000

pcpa=10

time = 5

a= I+p

a= l+ 250000

I = p×t×r ÷100

l= 250000×5×10 ÷ 100

I=125000

p+I = a

250000+125000 = 375000

yearly amount= amount÷ time

375000÷5 = 75000