Question

neeta took a loan of 50,000 at 12p.c.p.a
to buy a two wheeler for 3 yrs . what amount will she return to the bank at the end of the year?
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Answer 1

$\huge\frak\pink{Answer}$

Principal = Rs.50000

Rate of interest = 12%

Time = 3 years

Simple Interest = Principal × Rate of interest × Time / 100

Simple Interest = 50000 × 12 × 3 / 100

Simple Interest = Rs.18000

Amount = Simple Interest + Principal

Amount = 50000 + 18000

Answer 2

Answer:

50000*12*3÷100

500*12*3

18000

so she will return50000+18000

68000