Question

Mr phuken has borrowed ₹25000 from his brother in law 8.5% per annum. How much interest would he have to pay over a period of 18 months? ​

Answer 1

Answer:

Step-by-step explanation:

Mr Phuken has borrowed=₹2500 (Principle)

The Rate Percent Per Annum= 8.5%

The Time Taken To Pay The Amount=18 months=1$\frac{1}{2}$ Years

The Interest= $\frac{Principal*Time *Rate Percent }{100}$=$\frac{2500*1whole 1/2*8.5}{100}$=$\frac{1275}{4}$=318.75‬

Answer 2

Answer:

Mr phuken has borrowed ₹25000 from his brother in law 8.5% per annum. How much interest would he have to pay over a period of 18 months? .