Question

a person took a loan of ₹12,000 and he returned after 3years if the rate of interest is 3/4 then what is the total amount he has to pay back to the bank

Answer 1

for, interest for 1 month =12000*0.75/100 =90/- for,1 year=12*90= 1080/-, for 3years= 3,240/-,so, total amount he has to pay is 12000+3240=15240/-.