Question

If Farmer borrowed RS.25000 for 15 month at 10 1/2% how much should he pay to clear his loan .

Answer 1

Answer:

28281.25

Step-by-step explanation:

Amount need to be paid = 25000+ SI

SI = [25000*(15/12)*10 1/2 ] /100

    = 250*5/4 *21/2 = 3281.25

Amount need to be paid =25000+ 3281.25 = 28281.25