Question

A music company offers a loan to buy a drum set for Rs 15000 at 11.8% simple interest for 2 years. What is the amount paid to clear the loan?

Answer 1

Answer:

Amount paid to clear the loan is Rs.18540

Step-by-step explanation:

we find the amount so formula for amount is A = P + S.I.

Given :

P = 15000 , T = 2 yrs , R = 11.8 %

Find :

S.I. = ?

For S.I.

S.I = P × T × R / 100

=》 15000 × 11.8 × 2 / 100

=》150 × 11.8 × 2

S.I =》Rs. 3540

AMOUNT:

A = P + S.I

A = 15000 + 3540

A = Rs.18540

Answer 2

Answer:

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