a person took a loan of Rs 22000 with a bank for 1 year at the interset of 3℅ he paid of rs 4500 .Find how much money he have to pay back now with the interest ?
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formula of interest = P × R × T /100
P = 22000 rs
R = 3%
T = 1 year
interest = 22000×3×1/ 100
= 220 × 3
= 660
total amount = P + i
=22000 + 660
= 22660
he paid of rs. = 4500
he have to pay back now with the interest
= 22660 - 4500
= 18160
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Step-by-step explanation:
SI after 1year = 22000×3/100
=660
Total Amount=22660
so money left = 18160
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