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Mohit borrowed- & 6600 from the state
Bank of India for 3 years
the8 months of 12℅
p.a. What amount will clear off his debt?
Answers
Answered by
0
Answer:
Step-by-step explanation:
Principal = Rs 6000
Time = 3 yr 8 months = 3 + 8/12 = 11/3 years.
Rate = 12% per annum
So,
Simple Interest = PRT/100 = (6000*12*11/3 )/100
i.e. 2640.
Now, Amount = Principal + Interest
i.e 6000+2640 = Rs 8640.
Rs 8640 is that amount which will clear off her debt.
Answered by
0
Answer:
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