Question

Mr akram borrows Rs 500 from bank for a period of years.
If interest rate os 11% per annum, What would be the
amount of interest the has to pay back in addition to the
principle amount? explain step by step​

Answer 1

Answer:

Step-by-step explanation:

S i = p×r×t/100 =500 ×11×1/100 =55 internet then total money given = si + p = 500+55=555