Question

hari took a loan of rs. 4000 from his friend ashok for a period of 2 years. if the rate of interest is 10%per annum, how much money will he pay to ashok after 2 years?​

Answer 1

Answer:

1. P=$4000 ,Time=2yrs, R=10%

Interst of 1st yrs=$(4000×1×10)÷100

=$400

amount =(4000+400)

=$4400

principal of 2nd yrs=(4400×10×1)÷100

=$440

amount Hari has to pay after 2yrs=$(4400+440)

=$4840 Answer.