mahesh takes a loan of 75,000 at 12% per year as rate of interest. find the interesstamount he has to pay after 3 years
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Step-by-step explanation:
- SI = principle x time x rate %
= 75000 x 3 x 12 % = 27000.
Amount = 102000.
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Principle=Rs.75000
Rate of interest =12%
Time=3years
SI=PTR/100
=75000*3*12/100
=Rs. 27000
SA=Principle+SI
=75000+27000
=Rs. 102000
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