Question

meena tooka loan of rupees 250000 for buying a car from State Bank of India She paid it after 3 years what amount did she paid to the bank after 3 years if rate of interest is 10.5%p.a.​

Answer 1

Simple intrest -

250000 * 3 * 10.5 / 100

2500 * 3 * 10.5

78750 rupees

Repay - rupees 328750

Compound intrest

repay - 337308.15 rupees

Hope my answer helsp!