Question

Anna borrows ₹ 5000 at the rate of 5%p.a. The total interest payable over the
period of the loan is ₹ 1000. How many years will it take her to pay back the loan?

Answer 1

Answer:

5 years bro

hope it is helpful

Answer 2

Answers: 5 years

Step-by-step explanation:

Do you know that banks pay you to let them keep your money? The money you put in the bank is called the principal, P , and the bank pays you interest, I . The interest is computed as a certain percent of the principal; called the rate of interest, r . The rate of interest is usually expressed as a percent per year, and is calculated by using the decimal equivalent of the percent. The variable for time, t, represents the number of years the money is left in the account.