A man borrowed ₹ 1800 from Punjab National Bank for a period of 4 1/2 years . Find the amount he would pay if the interest is 8 % per annum?
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S. I. = P×T×R / 100
= 1,800 × 41 × 8 / 100 × 2
= 5,90,400 / 100× 2
= 2,952 Rs.
Amount = Principal + S. I.
= 1,800 + 2,952
= 4,752 Rs
Answer is 4,752 Rs
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