Ramesh took a loan of ₹8500 at the rate of interest 5% per annum. What is the total Amount
paid by Mahesh after 2 year.s?
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Step-by-step explanation:
principal :8500
Rate interest per annum : 5%
time :2 years
amount (P×R×T /100 )
8500 ×5 % × 14 / 100× 5
simple interest : 297 .5
amount (principal +simple interest )
amount (8500 +297.5 )
8797 .5
so solved
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