Question

Find total interest when principal =1,50,000 rate of interest =11 p. c. p.a and Time 4years
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Answer 1

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Answer 2

Answer-


The Total interest is 66,000.

Step by step explanation:-

In context to the question; we have to find out the total interest amount

Given,


Principle amount =1,50,000

Rate of interest=11 per annum

Time = 4 years

We know that ;

Total Interest = [(Principal amount)(Interest rate)(time) ] /100

Total Interest = (1,50,000 x 11 x 4) /100

= (16,50,000 x4)/100
= 66,00,000/100
= 66,000

Therefore;

The Total interest is 66,000