Question

A man borrowed rs 25000 from a bank to buy a scooter. Find the amount he would pay after 2.5 years at 12 percent per annum simple interest.

Answer 1

Answer:

Amount = Rs.32500

Step-by-step explanation:

$principal = 25000 \\ rate \: of \: interest = 12\% \\ time = 2.5yrs = 2 \frac{1}{2} = \frac{5}{2} \\ s.i. = \frac{25000 \times 12 \times 5}{100 \times 2} \\ = 7500 \\ amount = p + si \\ = 25000 + 7500 \\ = 32500$