Question

Ramaben borrowed 200000 rupees from a bank for 4 years at the rate of 8.5% for her son's education. What is the total amount she returned to the bank at the end of that period? Solve the Following

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Answer 1

Answer:

268000

Step-by-step explanation:

I = PTR/100

P = 200000

T = 4 years

R = 8.5 %

I = 200000 x 4 x 8.5 / 100 = 2000 x 4 x 8.5 = 68000

Amount to be returned = 200000 + 68000 = 268000 Rs