Question

Rohit borrowed rupees 24000 at 7.5 percent per year . How much money will he pay at the end of 4 years to clear his debt

Answer 1

Answer:

Interest grown after 4 years = 24000×(7.5/100)×4

So the amount he has to pay =

24000 + 24000(7.5/100)×4

=24000 + 7200 = 31200