AGE NO DATE (0.2. Arvind bhai borrowed Rs. 40,000 at the rate of 6% for 3 years for Rs.30,000 principal is Ra.9000. What would be the Interest for the same period?
Answers
Answered by
1
Answer:
Simple Interest I=
100
PNR
Here for first year,
P=Rs40,000
N=1year
R=10 %
So, Interest at the end of 1st year I=
100
40,000×1×10
=Rs4,000
And for second year,
P=Rs40,000+Rs4,000=Rs44,000
N=1year
R=10 %
I=
100
44,000×1×10
=Rs4,400.
Step-by-step explanation:
Similar questions