Question

M borrows 50000 for 1 year ,75000 for 9months and 40000 for 6 months from a bank .The bank charges him 12% p.a rate of simple interest.Find the total amount payable by M at the end of the financial year​

Answer 1

S. I =( 50000 x 12 x 1)/100= 6000

so total amount = 50000+6000 =56000

SI =(75000 x 9 x 12)/100 X12 =6750

so 75000+6750 =81750

SI = (4000 x6 x 12)/100 x12 =2400

so 40000+2400 =42400

6in the last total amount payable by M =

42400 +56000 +81750 = 180150

answer is 180150