a farmer takes loan 45000 from a from a bank 15% per annum for installing a pump in his field find the amount he has to return to the bank after 2 years
Answers
Answered by
3
Answer:
Step-by-step explanation:
The amount at the end 1st year, A=45000(1+ 15/100)
= Rs 51750.
The farmer paid Rs 15000, so amount left ,A = 51750 -15000
= Rs 36750.
The amount at the end of 2nd year, A= 36750(1+ 15/100)
=Rs 42262.5.
The farmer has to Rs 42262.5 at the end of the second year.
I hope this helps you
Answered by
3
Step-by-step explanation:
Principal = 45000 rs.
rate of interest = 15%
time = 2 years
simple interest = p×r×t/100
= 45000×15×2/100
=13500
amount=p +s.i.
45000+13500
ans:) 58500 rs.
Similar questions