Question

9. A man took a loan of 6 lakh from his friend at the simple interest rate of 9% per annum.
At the end of 3 years, he cleared his debt by paying 3 lakh and giving his flat to his friend.
What was the price of the flat?
10
(al Find the rate of interest if
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Answer 1

Answer:

his flat costs 3,54,000

Step-by-step explanation:

first we need to find out his interest rate's amount

so that will be- 6,00,000 x 9/100= 54000

so he needs to play 6,54,000

he gave an amount of 3 lakh to pay his debt and his flat.

so the flat costs- 6,54,000-3,00,000

= 3,54,000