Ratna obtain a loan of ₹25000 from a bank to renovate her house is the rate of interest is 8% per annum. What amount will she have to pay to the bank after 2 years to discharge her debt
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Ratna obtain a loan of RS 25000
Rate of interest is 8%
what amount she have to pay to the bank after 2 years
Principal=25000
Rate=8%
Time=2years
S.I.=P×R×T/100
S.I.=25000×8×2/100=4000
Amount=principal+simple interest
A=25000+4000=29000
29000rs she has to pay to the bank after 2 years
please tell answer is right or wrong
Rate of interest is 8%
what amount she have to pay to the bank after 2 years
Principal=25000
Rate=8%
Time=2years
S.I.=P×R×T/100
S.I.=25000×8×2/100=4000
Amount=principal+simple interest
A=25000+4000=29000
29000rs she has to pay to the bank after 2 years
please tell answer is right or wrong
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