A loan of 200000 is to be repaid in full after 3 years. If the interest rate is 8% per annul. How much should be paid after 3 years?
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Answer:
Answer:
200,000*3*.08= interest
interest + 200,000= answer
formula: I=Prt
total: I + P
Explanation:
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Answer:
100rs. 1 years interest 8rs.
1rs. 1 year interest {8/100}rs.
1rs. 3 year interest {(8x3)/100}rs.
200000rs. 3year interest {(200000x8x3)/100}rs.
= 48000rs.
Total amount have to paid= (200000+48000)rs.
= 248000rs.
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