Preeti took a loan of 150000 for her cat at the rate of 9 percentage per annum simple interest from a bank she was supposed to repay the amount in in 1.5 years find the amount field buy pretty to the the bank after 1.5 years
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Step-by-step explanation:
170250 is the answer
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Simple interest formula :
- Simple interest = (P x R x T) ÷ 100
- Here, P = Principle , R= Rate, T =Time period
- Amount = Principle + Simple Interest
Solution :
Given,
P= Rs. 150000
R= 9%
T= 1.5 Years = 15/10 = 3/2
Therefore,
S.I =
By solving further we get ,
S.I = Rs. 20,250
Therefore,
Amount = P + S.I = 150000 + 20250 = Rs. 170250
Answer : Rs. 170250
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