A person lends Rs 5000 from a bank .if one bank fixes the rate of interest 10 % per annum then the amount he has to pay after to 2 yrs will be ?
Answers
Answered by
3
Answer:
then after 2 years the total amount that he have to pay the bank is-(principal+interest) (5000+1000)Rs. = 6000Rs.
Step-by-step explanation:
hope helped .
Gm
Answered by
4
Answer:
6,000
Step-by-step explanation:
Principle = p = 5,000
Rate = r = 10%
Time = t = 2 yrs
SI = P × I × T
SI = 5,000 × 10% × 2
SI = 1,000
The amount he has to pay after to 2 yrs will be
Amt = Principle + Intrest
Amt = 5,000 + 1,000
Amt = 6,000
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