Question

Rakesh obtained a loan of 35000 from a ruler Bank to start a small scale industry if the rate of interest be 20% per manual annual find the compound interest that he will pay after 3 years

Answer 1

if the interest rate is 20% then the interest amount after 3 years will be 2100

Answer 2

loan obtained= 35000 rs

rate= 20℅ per annual

time = 3 years

so, 35000×20×3/100= 21000

so total money give = 35000+21000= 56000

hope it help you