Question

A man borrowed Rs 15000 from a bank at the rate of 8% p.a. for 4 years. "*(iemxqcibvd/-) *"Find the simple interest and the amount that he has to pay back​

Answer 1

Explanation:

SI = P ➗ by R ✖ T

SI= 15000 ➗ 8 ✖ 4

SI= 15000 ➗ 32

SI = 500

I= P ✖ R ✖ T ➗ 100

I= 15000 ✖ 8 ✖ 4 ➗ 100

I= 4800

Amount = P+I

A= 15000+4800

A= 19800

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