Rohit borrows 640000 rupees from a bank to buy a car at the rate of 12% per annum for 5 years find the amount of money Rohit must repay to the bank
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Answered by
1
Answer:
Step-by-step explanation:
3,84,000must repay to the bank
Answered by
20
P- 640000 Rs.
R- 12%
T- 5 years
S.I = (PRT)/100
= (640000 x 12 x 5)/100
=6400 x 12 x 5
= Rs. 384000
Amount= SI + P
=384000+640000
= Rs. 988000
R- 12%
T- 5 years
S.I = (PRT)/100
= (640000 x 12 x 5)/100
=6400 x 12 x 5
= Rs. 384000
Amount= SI + P
=384000+640000
= Rs. 988000
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