Question

Krisha borrowed Rs. 12,000 from a bank at 15% per annum simple interest
for 5 years. Find the amount that Krisha will pay to bank after 5 years.

Answer 1

Answer:

Principal = Rs. 12,000

Time = 5 years

Rate of Interest = 15% per annum

$SI = \frac{P X T x R}{100}$

$= \frac{12,000 X 15 X 5}{100}$

$= \frac{9,00,000}{100}$

= 9,000

amount to be paid = 12000 + 9000

= 21000

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