Question

Satna obtained loan of 25000 from the Syndicate Bank to renovate her house if the rate of interest is 8% per annum what amount will she have to pay to the bank after 2 years to discharge her debth?​

Answer 1

Answer:

48,000

Step-by-step explanation:

1. satna has taken loan 25000 for renovating her house at rate of inyrest at 8% per annum so if we calculate rate of intrest of 8% on amount of 25000 rs so the rate of intrest will be like 25000×8÷100 so the amount will be 2000rs and now as the anount taken from bank is 25000 rs so according to the rate if intrest at 8% will be 2000 rs now we will calculate 2000rs for 2 years that will be like 2000×24months so amount will be 48,000 so now loan taken 25000 and calculatimg intrest rate amount we will calculate as 48000-25000=23000 so satna will have to pay 48000rs total money in which 23000 amount is included for 8% intrest fir 2 years