Question

rajni took a Loan of 150000 from a bank, if rate of interest is 12% per annum what amount will rajni have to pay to the bank at the end of 2 year to clear the debt

Answer 1

principal (p) = 150000
rate(r)=12%
time= 2 years
then interest(i) = (p*r*time)/100
=(150000*12*2)/100
=36000