Prathiba borrows 47000 from a finance company to buy her first car . The rate of simple interest is 17% and she borrows the money over a 5 year period . (a) How much amount Prathiba should repay the finance company at the end of five years . (b) her equal monthly repayments.
Answers
Answered by
12
SI =P×R×T/100
SI =47000×17×5/100
SI =39950
39950 + 47000
=86950
Prathiba should pay 86950 after 5 years.
Similar questions