Question

Kisanrao took a loan 15000 rupees from a bank at 9 p.c.p.a.for 2 years. What is the total amount he
returns to the bank?
​

Answer 1

Answer:

Given,

Principal=15,000

Rate=9%

Time=2years

Using,

SI = P×R×T/100

SI =15,000×9×2/100

SI =2700

Now,

Total amount = Principal +SI

Total amount = 15000+2700

=17,700

Hence,kisanrao returns 17,700 to the bank.

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