pankaj borrow rs.86500 to buy a used car and is charged the rate of interest 4.5 % if the term of his borrow 5 year how much interest does he pay in total
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Pankaj borrowed =₹86500
at the interest of 4.5%
4.5% of 86500 = 4.5/100×86500=3892.5
interest at one year =3892.5
interest at 5year = 3892.5×5=19462.5
overall interest =19462.5
₹ to pay =19462.5+86500
105962.5
answer =105962.5
at the interest of 4.5%
4.5% of 86500 = 4.5/100×86500=3892.5
interest at one year =3892.5
interest at 5year = 3892.5×5=19462.5
overall interest =19462.5
₹ to pay =19462.5+86500
105962.5
answer =105962.5
anshulkumar31:
answer is 19462.50
o i have done more steps so u can cut them
in answer i mentioned overall interest as 19462.5
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