Question

3. Aamir lends 36,000 to his friend, at a simple interest rate of 0.75 % per month. Find the total amount of money his friend will pay after 20 months?​

Answer 1

Answer:

Amount to be paid after 20 months,

36000 + 36000 × 15/100

= 36000 + 5400

= 41400.

Step-by-step explanation:

1 month = 0.75%

4 months = 4× 0.75 = 3%

20 Months = 5×3 = 15%