A man borrowed ₹48000 at 7 1/2% rate per year . How much money will he pay at the end of 5years and 4 months ?
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ANSWER: 67200₹
Principal=48000₹
Rate=7 1/2%=15/2%
Time=5 years and 4 months=64 months
SI= P×R×T/100
=(48000×15×64)/100×2×12
=20×15×64
=19200₹
Amount=Principal+ Interest
=48000+19200
=67200₹
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