Mr Sharma borrowed rupees 70 mm from a bank for 3 years at the simple interest rate of 13% per annum what amount will you return after 3 years
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interest for 1 year
13% of 70= 9.1
interest for 3 years
9.1*3= 27.1
therefore, the amount to be retured after 3 years is
70 (principle) + 27.3 (3 years interest)= 97.3.
13% of 70= 9.1
interest for 3 years
9.1*3= 27.1
therefore, the amount to be retured after 3 years is
70 (principle) + 27.3 (3 years interest)= 97.3.
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