ram took a loan of 40,000 from a bank at 8% per annum for 2years to buy a motorcycle. what amount ram had to pay to the bank after 2 years?
Answers
Answered by
22
Principal(P)=40000
Rate(R)= 8%
Time(T)=2 years
SI = (P×R×T)/100
SI = (40000×8×2)/100
SI = 6400
Amount = P + SI
Amount =40000 + 6400
Amount = 46400
Amount that ram has to the pay to the bank = Rs 46400
Rate(R)= 8%
Time(T)=2 years
SI = (P×R×T)/100
SI = (40000×8×2)/100
SI = 6400
Amount = P + SI
Amount =40000 + 6400
Amount = 46400
Amount that ram has to the pay to the bank = Rs 46400
Answered by
0
Step-by-step explanation:
- principal= 40000 and rate =8% and Time = 2 years. si = p×r×t. 40000×8×2/100 =6400. amount= P + Si 40000+6400=46400
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