Question

9) Neha took a loan of Rs.50,000 at 12 p.c.p.a. to buy a two wheeler. What amount will she return to the bank at the end of one year?​

Answer 1

Answer:

Answer: ₹6000. she will return 6000

Answer 2

$12 \: \% \: of \: Rs.50,000$

$= \frac{12}{100} \times 50,000$

$= 6,000 \: (interest)$

$Amount \: to \: be \: Returned \\ = Borrowed \: Money + Interest$

$Amount \: to \: be \: Returned \\ =5,0000 + 6,000 \\ = 56,000$