Question

4. Joseph took a loan of * 12,000 from a bank, which charges 13 % p.a. interest annually. What amount has he to return to the bank after 3 years?​

Answer 1

Answer:

$\purple{ \sf \bold{Given:-}}$

• Joseph took a loan of ₹12,000 from a bank,
• charges 13 % p.a. interest annually
• 3 years?

Formula Of Cl:-

Principle × rate×time/×100

12000×13×3/100

468000/100=4680.

principle + simple interest

=12000+4680=16680

Hence, This is Answer.

Answer 2

Answer:

16680

here

principal=12000

rate if interest= 13% per annum

time= 3 years

$simple \: imterest = \frac{principal \times rate \times time}{100} \\ = \frac{12000 \times 13 \times 3}{100} \\ = \frac{468000}{100 } \\ = 4680$

$amt \: to \: be \: returned = pricipal + simple \: interest \\ = 12000 + 4680 \\ = 16680$