jethalal took a housing loan of 2,50,000 rupees form a bank at 10 p.c.p.a for 5 year. what is the yearly interest he must pay and the total amount he returns to the bank.
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Principle =Rs.2,50,000
Rate=10% per annum
time=5years
∴SI for 5 years= 100
P×R×T = 100
2,50,000×10×5
=Rs.1,25,000
SI per year=Rs5
1,25,000
=Rs.25,000
Amount that he must pay back
=Rs2,50,000+Rs1,25,000
=Rs3,75,000
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