Question

A man borrowed Rs25000 from a bank to buy a scooter .find the amount he would pay after 2percent years at 12 percent per annum simple interest. please write in copy than solve ​

Answer 1

Given:

Principal = Rs. 25,000

Rate% = 12% p.a.

Time = 2 years

Find:

Simple Interest

$interest = \frac{prt}{100}$

$i = \frac{25000 \times 12 \times 2}{100}$

$i = 250 \times 12 \times 2$

$i = 250 \times 24$

Interest = Rs. 6000

Amount = P+I

Amount = 25,000+6000

Amount = Rs. 31,000

Answer: Therefore the man has to pay an amount of Rs. 31,000 at the end of 2 years to clear the loan.

Answer 2

I will solve your all doubts

female teacher safe secure tutions for girls

monthly fees #200 for all classes all subjects activities also school work and project

instagram I'd study_helper983

contact number in bio