Question

Devendra has borrowed an amount of 50,000 for five years. He has to pay interest at the rate of
10% per year. What is the total amount that Devendra will have to pay back?​

Answer 1

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Answer 2

Answer:

Step-by-step explanation:

Devendra has borrowed an amount of 50,000 for five years

Therefore the total amount that Devendra will have to pay back with 10% interest per year is

For 10% interest per year is

50000/100×10

=5000

So for five years

= 5×5000

= 25000

Therefore Devendra has to pay Rs25000 interest after 5yrs

Therefore he has to totally pay

50000+25000

=75000