Jethalal to a housing loan of rupees 25000 from a bank of bank at p.c.p.a for five years what is the interest he returned to the bank.
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Answer:
Principle =Rs.2,50,000
Rate=10% per annum
time=5years
∴SI for 5 years=
100
P×R×T
=
100
2,50,500×10×5
=Rs.1,25,000
SI per year=Rs
5
1,25,000
=Rs.25,000
Amount that he must pay back
=Rs2,50,000+Rs1,25,000
=Rs3,75,000
Step-by-step explanation:
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