amisha borrowed rs 18000 at 8% for 2.5 years find the simple interest and amount she had to pay
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Step-by-step explanation:
Principal:₹18000
R:8%
T: 2.5 years
SI =P x R x T / 100
= 18000 x 8 x 2.5
=360,000
Compound interest:
18000 [1+8/10]=2/25
18000 x 27 x 25
=18000 x 729/625
= 20995.2
Extra amount= 875.2
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