Ashok takes some loan from Mukesh for 2 year at the rate of 5% per annum and after 2 years he gave back rupees 6600 to Mukesh and completed the payment of his loan find the interest paid by Ashok
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2
Answer:
Loan = Ax100/100+rt
= 6600x100/100+ 2x5
= 660000/110= Rs.6000
Interest Paid=6600-6ooo = Rs 600
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0
Answer
(ART/100+RT) here T=2 year R=5% A=6600
Amount = A
Rate =R
Time =t
6600*5*2 /100+5*2
600 is the answer..
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