Question

Ram took a loan of 40000from a bank at per 10%per annum for 2years to buy a motorcycle. what amount had to pay to the bank after 2 year​

Answer 1

Answer:

48000

Step-by-step explanation:

principal=40000

Rate=10%

Time=2 year

Interest=?

we know that

interest = principal×rate×time÷100

so.

interest= 40000×10×2÷100

=800000÷100

= 8000

so interest = 8000

again Amount=?

we know that.

Amount = principal + interest

= 40000+8000

=48000 ans