Question

24. Mohan borrowed 75,000 from a bank at
19% rate of interest per annum. What
amount did he return back to the bank
after 5%2 years?
(A) 1,3,375 (B) 1,53,375
(C) 1,83,375 (D) 1,93,375 ​tell answer fastly

Answer 1

Answer:

Step-by-step explanation:

Principal= Rs.75,000

Rate of Interest= 19% per annum

Time= 5 years

S.I= Principal x Rate of Interest x Tinme/100

S.I= Rs. 75,000 x 12 x 5/100

S.I=  Rs. 71,250

Total amount = (Principal+Simple Interest)

                       =Rs. (75,000+71,250)

Amount= Rs. 1,46,250