Question

Shyamlal borrowed 4,50,000 from a bank for 3 years at the rate of 10 p.c.p.a. How much amount he has to pay as interest for each year? What is the total amount he paid to the bank?​

Answer 1

Step-by-step explanation:

Principal amount is 70,000Rs

Rate of Interest is 9%

Time period is 3ys

I=

100

PRT

I=

100

70,000×9×3

=18,900Rs.

A=P+I

A=70,000+18,900=88,900Rs.

Answer 2

Answer:

45000

and

585000

Step-by-step explanation:

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