Math, asked by rakeshsingh25, 1 year ago

mr chawla look a loan from the bank for 64000 at the rate of 11%p.a for three years at simple interest. how much interest and amount will he have to pay back after three years?​

Answers

Answered by riteshbawa3
10

Answer:

Step-by-step explanation:

Attachments:

rakeshsingh25: what is a formula
rakeshsingh25: plz plz
riteshbawa3: Total amount to be paid= (original amount×time period for which amount was taken×rate of Interest)
riteshbawa3: This is valid only when the interest is simple interest
rakeshsingh25: ok
Answered by singhbwr51
13

Answer: 85120

Step-by-step explanation:

Loan amount = 64000

Rate = 11%

Simple interest

= 64000×11÷100

= 7040

3 year = 7040×3

= 21120

Total amount = 64000+21120

=85120

I hope this help you

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