Question

Sachin borrowed a sum of rupees96000 to buy a tractor for his agricultural farm . If the rate of interest is 60% p.a. compounded annually, find the amount which sachin will pay after 3 years.

Answer 1

Answer:

ushdhshfjxyhsgdh4eieifuyfyd

Answer 2

Answer:

Step-by-step explanation:

Simple interest on principal amount P for T years at the rate of R % is given as:

1) Principal = 100 × S.I.

(R × T)

2) Years = (100 × S.I.)

(P × R)

3) Rate of Interest = (100 × S.I.)

(P × T)

4) Simple Interest = (P × R × T)

100

Quick tips and tricks

1) The rate of interest is always calculated per year unless specifically noted.

2) If in any numerical, the time given is specified in months, then convert it into years by simply dividing number of months by 12. If time is given in days, then convert days into year by dividing it with 365.

a) S.I. = (P × R × M)

1200