5. Ramu purchased a car worth Rs. 48,000, he borrowed the money from the bank at 10% per annum for a period of 4 years at simple interest. How much amount he has to pay after the period.
Answers
Answered by
11
Answer:
Principal=48,000
Rate of Interest=10% p.a.
Time=4 years
Simple Interest=Principal×Rate of
Interest×Time÷100
=48,000×10×4÷100
=19,200
Therefore,the amount to be paid after 4 years=Principal+Interest
=48,000+19,200
=67,200
Hope it helps.
Similar questions