Question

MR. Watch loaned $12450 from a bank at 8.5% per annum simple interest for 6 years calculate: (B) the total amount of money repaid to the bank plz i need help here

Answer 1

Reminder:

pls mark me as brainliest if you are satisfied

Answer:

Total amount to be paid is $18799.5

Step-by-step explanation:

principle=$12450

rate of interest per annum=8.5%

time period = 6 years

as mentioned above

total amount = principle + simple interest

= 12450+S.I.

⇒simple interest formulae =$\frac{p*r*t}{100}$

=$\frac{12450*8.5*6}{100}$

=$\frac{105825*6}{100}$

=$\frac{634950}{100}$

=6349.50

so simple interest paid = $6349.50

to find the total amount=principle +s.i.( as mentioned above//)

=$12450+6349.50

=$18799.5