Shanta borrowed rupees 6000from the state bank of india for 3years8month a 1 2percent per annum what amount will clear off her debt
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Answer:
860
Step-by-step explanation:
Given principal = 6000 Rs
Time = 3 years 8 month = which is 11/3 years.
Rate = 12% per annum
which is
(6000×12)/100 = 720 per annum
For 3 year and 8 month= 720 × 11/3 = 2640
Now amount = principal + interest
= 6000+ 2640
= 8640 Rs
8640 Rs is that amount which will clear off her debt.
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