Math, asked by durga2483, 5 months ago

Pratibha borrows Rs.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. Find : (a) How much amount Pratibha should repay the finance company at the end of 5 years. (b) Her equal monthly repayments?​

Answers

Answered by bhavyasodhani895
3

Answer:

a.) Rs. 86950

b.) Rs. 5,217,000

Step-by-step explanation:

Pratibha  borrows Rs47000 form finance company to buy her first car

so the principal will be =47000

simple interest =17%

time for which money is borrowed =5 years

Simple Interest=  

100

principal * time * rate / 100

=47000×5×17

=39950

The amount of money Pratibha will repay the finance company at the end of five years will be  

=(47000+39950)

=Rs.86950

Rs 86950 * 12*5

= 86950*60

= Rs. 5,217,000

Answered by komalsanu
0

Answer:

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