Question

a man borrowed rupees 3000 from Punjab national bank to buy a tractor. find the amount he would pay after 2.5years at 17%per annum

Answer 1

SI = PRT/100= (3000*2.5*17)/100
= 1275
Total amount =SI + principal
= 1275 + 3000
= 4275

Answer 2

3000*2.5*17
------------------
100

30*2.5*17

=1275

3000+1275=4275

So 4275 is the amount that he has to pay back to the bank