a man takes loan of 150000from bank to start a business venture the bank charges him simple interest at rate ot 5.5percent per annum he plans to repay his loan at end of 3 years find the amount of interest he has to pay and hence the total amount he owes the bank
Answers
Answered by
3
Answer:
174750
Step-by-step explanation:
150000 * 3 * 5.5/ 100 = 24750
S.I. + Amount = Rs.174750
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Answered by
8
Answer:
SI = P*R*T/100
= 150000*5.5*3/100
= 1500*5.5*3
= 24750.0
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