A bank Charges a simple interest of 15% per annum on the money it lends. Rahul borrowed a sum of Rs 65000 for 5 years. How much money does he have to pay as interest ? What is the total money he has to pay back to the bank ?
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Answer:
interest =65000×5×15/100
=48500
interest=65000-48500
=16500
he has to pay back to bank=65000+16500
=81500
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