find the interests that a person has to pay if he burrows ₹ 50,000 from a bank for a period of five years at rate of 10% per annum.
Answers
Answered by
1
Answer:
Interest = 6250
Step-by-step explanation:
I = P*n*(n+1)/2*12*r/100
=50,000*5*6/2*12*10/100
=6250
Similar questions