Question

Ramesh took a loan of 80000 from a bank at 12% per annum and paid it back after 7 months together with interest. Find the amount he paid to the bank​

Answer 1

S.I = PRT/100

S.I = 80000×12×7/12/100

= RS. 5600

AMOUNT = 80000+5600=85600

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Answer 2

Answer

85600

step by step

Principal = 80000

Rate of interest = 12%

Time = 7 months

S.I = p×r×t by 100

S.I = 80000×12×7 by 100

Amount = 80000+5600

= 85600

* So 85600 is the amount