A man borrowed rs 60000 from the bank at 12% per annum. Find the payable at the end of 6/12year
Answers
Answered by
2
Principal- Rs.60000
Rate of interest- 12%
Time- 6/12yr = 1/2yr
Simple interest- P×R×T/100
=>60000×12×1/100×2
=>360000/100
=>3600
Amount had to be paid= principal+interest
=>60000+3600=63600
hence, amount had to be paid after 6/12 year is Rs.63600
Rate of interest- 12%
Time- 6/12yr = 1/2yr
Simple interest- P×R×T/100
=>60000×12×1/100×2
=>360000/100
=>3600
Amount had to be paid= principal+interest
=>60000+3600=63600
hence, amount had to be paid after 6/12 year is Rs.63600
Similar questions