A man borrowed rupees 18000 from his friend at 7% per annun simple interest he returned the money after 3 years 6 months how much money did he pay back altogether
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Answer:
22410₹
Step-by-step explanation:
Principal=18000
Rate=7%
Time=3 years 6 month=36+6=42 month, 42/12
Interest=?
Amount=?
SI=P×R×T/100
=18000×7×42/100×12
=15×7×42
=4410₹
Amount=Principal+ Interest
=18000+4410
=22410₹
hence, he had to pay altogether 22410 ₹
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