Question

a person takes a loan of rupees 15000 at 12% pay what amount will be e paid at the end of 5 years?​

Answer 1

Question :

a person takes a loan of rupees 15000 at 12% pay what amount will be e paid at the end of 5 years?

Answer :

$\sf\pink{Given:}$

• principal is Rs 15000 .

• Rate of interest is 12%

• Number of years is 5 .

$\sf\pink{To\:find:}$

• Amount ?

Explanation :

$\sf\purple{Amount = Principal + simple\: interest}$

$\sf\red{Simple\: interest = \dfrac{Principal\times Rate\times Years}{100}}$

$\\ \longrightarrow\sf{\dfrac{15000\times 12\times 5}{100}}$

$\\ \longrightarrow\sf{150\times 12\times 5}$

$\\ \longrightarrow\sf{1800\times 5}$

$\\ \longrightarrow\sf{9000}$

• Therefore simple interest is Rs 9000 .

$\sf\purple{Amount = Principal + simple\: interest}$

$\\ \longrightarrow\sf{15000 + 9000}$

$\\ \longrightarrow\sf{24000}$

• Therefore the amount is Rs 24000 .