Question

Rajesh borrowed rupees 20000 from a bank for 4 years at the rate of 12% per year simple interest . how much should be paid to clear the dept after 4 years​

Answer 1

Answer:

₹ 29600

Explanation:

Acc. to interest per year,

20000 × (12/100) = ₹ 2400

so, for 4 years,

2400 × 4 = 9600

Then after 4 years to clear the debt

Totally ₹ 29600