Question

Mohit borrowed Rs.225000 from a bank for 5 years at the rate of 6.5%pa. What is the total amount he returned to the bank.

Answer 1

Answer:

RS. 2,98,125

Step-by-step explanation:

P=2,25,000

R=6.5%

T=5 years

S.I=P*R*T/100

S.I=2,25,000*6.5*5/100

S.I= RS.73125

AMOUNT= RS.2,25,000 + RS.73125

                = RS.2,98,125