Question

Example 16: A man borrowed 15,000 from a cooperative bank at the rate of 8% per annum (p.a.) for 4 years. Find the si interest and the amount he has to pay back

principal=₹15000

rate of interest=8%

time=4years

therefore,SI=p*r*t/100=1500*8*4/100=₹4800

amount=principal+SI=15000+4000=19800​

Answer 1

Step-by-step explanation:

si=₹4800

amount=₹19800