Question

Raymond bought a car for Rs. 40000 . he took Rs.20000. loan from a bank at a interest rate of 15 percent per year for a 3 years period . what is the total amount that he would have to pay the bank at the end of 3 years​

Answer 1

Step-by-step explanation:

p=Rs20000

r=15%

t=3years

si= p×r×t/100

si=20000×15×3/100

si=Rs9000

a=Rs 20000+9000

Amount Raymond have to pay is Rs29000

hope it helps

please Mark me as brain list

Answer 2

Answer:

The total amount of Rs 29000  would have to pay the bank at the end of 3 years​.

Step-by-step explanation:

As per the data given in question,

We have to calculate the total amount that he would have to pay the bank at the end of 3 years​

As per the question,

It is given that,

Raymond bought a car for Rs. 40000 . he took Rs.20000. loan from a bank at a interest rate of 15 percent per year for a 3 years period

Principal =Rs20000

Rate of interest=15%

Time=3years

The formula to calculate Simple Interest is :

SI = P × R × T/100.

By applying formula we get:

SI = P × R × T/100.

SI=20000×15×3/100

SI=Rs9000

now, add SI to the amount of loan taken in order to get  total amount that he would have to pay the bank at the end of 3 years​:

=Rs 20000+9000

=Rs 29000

Hence, the total amount of Rs 29000  would have to pay the bank at the end of 3 years​.

For more such questions:https://brainly.in/question/14414727

#SPJ2