Question

3
Prathibha borrows 47000 from a finance company to buy her first car. The rate of
simple interest is 17% and she borrows the money over a 5 year period. Find: (a) How
much amount Prathibha should repay the finance company at the end of five years. (b) her
qual monthly repayments.​

Answer 1

Answer:

Rs.86950

Step-by-step explanation:

a)SI=PTR/100

=47000×17×5/100

=39950

total amount to be paid

=Rs.86950

Hope this helps