Question

A man borrowed Rs 400000 from a bank to buy a tractor. Find the amount he would pay after 3 years 6 months at 10% per annum.​

Answer 1

Answer:

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Answer 2

Answer:

Principle = ₹ 4,00,000

Time = 3 years 6 months = 3.5 years

Rate of interest  = 10% per annual

Simple Interest =  $\frac{P * T * R }{100}$ = $\frac{400000 * 35 * 10}{10 * 100}$ = 400 * 35 * 10 = 4000 * 35 = ₹ 1,40,000

Amount  = Principle + Simple Interest

Amount  = 4,00,000 + 1,40,000

Amount = ₹ 5,40,000

Step-by-step explanation:

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