Question

payal took loan of Rs.12000 for parlour from a nationalized bank how much amount she will repay after 2 years 6 months at annual rate of 8% when interest is accumulated annually

Answer 1

percent × Rupees × Time /100
you
p×r×t/100
2years 6months = 30months
interest = 8 × 12000 × 30/100
it will cancelled
8×120 × 30= 1460×30
=43800