Question

Rs.5000 paid for ten years to off a loan. What is the loan amount if interest rate be 14% per annum

compounded annually?​

Answer 1

P×R×T=simple interest

5000×10×14/100

=2500

loan amount is = simple interest +total amount

=5000+2500=7500

Answer 2

Answer:

₹2000

Step-by-step explanation:

Principle = ₹5000

Time = 10 years

Rate = 14%

SI = P × R × T / 100

SI = ₹5000 × 14 × 10 /100

SI = ₹7000

Amount = simple interest - principal

Amount = ₹7000 + ₹5000

Amount = ₹12000 Ans.

Thank you

I hope it helps you