Ravi borrowed ₹7200 from a bank for 3 years at 18% per annum. Find the
simple interest and the amount he will have to pay.
Answers
Answered by
3
Explanation:
Interest = Principal× Time× Rate of interest/100
= 7200×3×18/100= 3888
Amount Ravi had to pay = Principal+ Interest
= 7200+3888
= 11088
Similar questions