Question

andeepbhau borrowed 120000 rupees from a bank for 4 years at the rate of 8 1/2 p.c.p.a. for his son's education. What is the total amount he returned to the bank at the end of that period​

Answer 1

Answer:

andeepbhau amount is 70,000Rs

Rate of Interest is 9%

Time period is 3ys

I=100PRT

I=10070,000×9×3=18,900Rs.

A=P+I

A=70,000+18,900=88,900Rs.