Kishan Rao wanted to make a Pond in his field he borrowed Rs 35250 from a bank at an interest rate of 6 p.c.p.a how much interest will he have to pay to the bank at the end of the year
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ANSWER:
KISHAN RAO HAS TO PAY RS. 37165 AT THE END OF YEAR
Step-by-step explanation:
Since,
The amount is always equal to principal+si
Where, SI= PRINCIPAL *RATE*TIME/100
SI =35250*6*1/100
SI =1915
AMOUNT=PRINCIPAL +SI
=35250+1915
=37165
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