Harish borrowed ₹15000 from Subhash At 16% Per annum for 3 (1 by 2) years. Find the interest and amount paid by Harish to Subhash.
Answers
Answer:
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≡QUESTION≡
Harish borrowed ₹15000 from Subhash At 16% Per annum for 3 (1 by 2) years. Find the interest and amount paid by Harish to Subhash.
║⊕ANSWER⊕║
Principle = Rs. 15000
Rate = 16 %
Time = 7/2 years
Simple interest
∴ Simple interest = 8400 Rs.
Amount paid = 23400 Rs.