simple interest
1.Ahmed chacha borrowed 25000 thousand at 12 p.c.p.a for a one year.what will be to return to a bank at the end of the yesr
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rate of interest=12% PA
so, amount payable after 1 yr=principle + interest =25000+12% of 25000
=25000+0.12×25000=25000+3000=rs28000
Thanks.
so, amount payable after 1 yr=principle + interest =25000+12% of 25000
=25000+0.12×25000=25000+3000=rs28000
Thanks.
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