Question

A man borrowed Rs 50,000 at 15% for 3 years. The amount that he will return after 3 years will be

Answer 1

the formula is

S.I = P×R×N ÷100

= 50000×15×3÷100

= 22500

so the amount that he will return after 3 years will be ₹22500

( SI is simple interest

p is principal

r is rate of interest

n is number of years / period time )

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Answer 2

Answer:

22500

Step-by-step explanation:

50000×15×3÷100

=22500