Question

Q1. Meenu took a loan of Rs. 50,000 from the bank for 4 years at 6% rate of interest. Find out the interest bank charged and the amount she needs to pay at the end of the period.​

Answer 1

Step-by-step explanation:

AMOUNT = PRINCIPLE + INTEREST

INTEREST=PTR/100

☞︎︎︎P=50,000

☞︎︎︎T=4YEARS

☞︎︎︎R=6%

APPLYING FORMULA :-

ㅤㅤ☞︎︎︎PTR/100

☞︎︎︎50,000x4x6%/100

☞︎︎︎12,000rs

AMOUNT=P+I

☞︎︎︎50,000+12,000

☞︎︎︎62,000rs

THE INTEREST BANK CHARGED :- 12,000rs

THE AMOUNT SHE NEEDS TO PAY AT THE END OF THE PERIOD :- 62,000rs