Question

Rahul borrowed ₹4,00,00 the next year at rate of 5% from his friend calculate the simple interest and the amount to be paid after 3years​

Answer 1

Answer:

We know that,

S.I=

100

p×r×t

Now,

=

100

20000×18×2

=7200

.

Total amount after 2 years is =20,000+7200=27,200

Answer 2

Answer:

Simple Interest = 6000

Amount = 4,06,000

Step-by-step explanation:

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