Question

Ahmad borrowed rs 36000at 6 p.c.p.a for a year.how much interest wil he pay to the bank at the end of the year? ​

Answer 1

Step-by-step explanation:

Given:

Principal (P) = 6000 rupees

Rate of interest (R) = 10%

Time (T) = 1 year

Now, Interest = P×R×T100P×R×T100

=6000×10×1100=60000100=6000×10×1100=60000100

= 600 rupees

Hence, the interest for one year would be 600 rupees.