Question

Rahim borrowed Rs 20000 for 5 years at the rate of 2% per
annum find the amount to paid at the end.​

Answer 1

20000x5x2/100 = principal interest

P.I. = 2000

amt to be paid = 20000+2000

=22000

Answer 2

Answer:

P=Rs.20000

N=12*5= 60

R=2%

I= PRn(n+1)÷2400

I= Rs 61000