Akash took a loan of rupees 68500 from a bank at the rate of 7 pcpa for year find out interest and the amount that he will have to repay to the bank
Answers
Answered by
2
Answer:
amount =73295 rs
si=4795 rs
Explanation:
si =p×r×t/100
si=68500×7×1/100
si=685×7
si=4795 rupees
amount=principal +interest
a=68500+4795
a=73295 rs.
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Answered by
1
Explanation:
Principal:- 68500₹
time:- 1 year
rate :- 7₹ pa
Simple interest:- P×R×T
-----------
100
=> 68500×1×7
------------------------------
100
685×1×7=4795₹
Amount returned:- P+SI
68500+4795
73295₹
Thus, the interst is ₹4795 and amount returned is 73295₹
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