Question

Ajay borrows Rs 5000 at 2% per month find the amount he would pay after 18 mounth

Answer 1

Interest for 1 month =
2%of 5000
=(2/100)*5000
=100rupees
Interest for 18 months=18*100=1800rupees
Amount to be paid =5000+1800
=6800rupees

Answer 2

borrowed amount = 5000/-
intrest per month = 2%
2% of 5000 =
$\frac{2}{100} \times 5000 \\ = 100$
interest in 18 month =
18×100 = 1800
after 18 month the amount he would be pay =
amount he borrowed + intrest amount
5000+1800 = 6800/-