Srikant borrowed Rs12000 from a bank for 4 years at 8pcpa. What is the total amount he returned to the bank? I will mark BRANLIEST who will give me right answer
Answers
Sandeepbhau borrowed 120000 rupees from a bank for 4 years at the rate of 8 ½ p.c.p.a. for his son's education.
To Find: The total amount he returned to the bank at the end of that period.
____
As we know that:
\dag \; \underline{\boxed{\frak{\orange{Total \; Intrest \; I = \dfrac{P \times T \times R}{100}}}}}†
TotalIntrestI=
100
P×T×R
Therefore,
\implies \sf{Total \; Interest = \dfrac{P \times R \times T}{100} }⟹TotalInterest=
100
P×R×T
\implies \sf{Total \; Interest = \dfrac{120 \cancel{0} \cancel{0} \cancel{0} \times 85 \times 4}{1\cancel{0} \cancel{0} \times 1 \cancel{0}} }⟹TotalInterest=
1
0
0
×1
0
120
0
0
0
×85×4
\implies \sf{Total \; Interest = 120 \times 85 \times 4 }⟹TotalInterest=120×85×4
\implies \underline{\boxed{\sf{\purple{Total \; Interest = 40800}}}}⟹
TotalInterest=40800
As we know that,
\dag \; \underline{\boxed{\frak{\orange{ Principal +Interest = Amount }}}}†
Principal+Interest=Amount
Therefore,
\implies \sf{120000 + 40800 }⟹120000+40800
\implies \underline{\boxed{\sf{\purple{160800 \; rupees }}}}⟹
160800rupees
★ Final Answer:
⇒ The total amount returned to the bank is ₹ 160800.
Extra interest =13483.20−13440=Rs.43.20