Question

how much Rekha has to pay to clear office loan of rupees 240000 at the rate of 12% for 2 years

Answer 1

Soln:-
P=Rs240000
R=12℅
T=2years
S.I.=P×R×T/100
=240000×12×2/100
=Rs57600
Amount=P+S.I.
=240000+57600
=Rs297600
So,Rekha has to pay Rs297600 to clear her loan

Answer 2

Given ,
principal= 240000
rate = 12%
time= 2 year
SI = PRT/100
= 240000×2×12/100
= 480000×12/100
=4800×12
= 57600
A = P + SI
= 240000+57600
= 297600
Hence, Rekha had to pay 297600 rs to clear loan