Question

ashok borrowed rs 20000 from state bank of India for buying a tractor at the rate of interest 10%per annum for 3 years find the interest and amount that he will have to pay to clear his loan​

Answer 1

Answer:

Formula is :- T X R X P/100

Therefore, 20000 x 3x 10/100

Answer is:-6,000.

Answer 2

Answer:

$20000 \times 10 \div 100$×3

6000