Question

Radhika borrowed Rs 60,000 from the bank and paid Rs 88,800 to clear the loan. If the rate of interest is 12%, find the time. please with formula if you did I will make you brainliest

Answer 1

Answer

Step-by-step explanation:

fk f

Answer 2

Answer:

principle=60000

total amount= 88000

rate of interest = 12%

amount=principle+interest

88000=60000+interest

88000-60000=interest

28000 is the interest

$i = \frac{ptr}{100}$

28000=60000*t*12/100

28000=600*t*12

28000=7200t

28000/7200=t

280/72=t

3.8=t

so time is 3 years 8 months