Question

kisonrao borrowed 36,000 from a bank
at the rate of 6 p.c.p.a., to make
a pond in his field. What amount will
he return to the bank at the end of the
year?​

Answer 1

Answer:

P= 36000

R = 6%

T = 1yr

I = (PxRxT) /100

= (36000 x 6 x 1) / 100

= 360 x 6 x 1

= 2160

A = P + I

= 36,000 + 2160

= 38,160