Sudhakar borrows ` 15000 from a bank to renovate his house. He borrows the money at 9% p.a. simple interest over 8 years. What are his monthly repayments?
Answers
Answered by
7
P = Rs. 15000
R% = 9%
T = 8 years
SI = PRT/100
SI = 15000×9×8/100
SI = Rs. 900
A = SI+P
A = 900+15000
A = 15900
Now,
His total amount is Rs. 15900. So, Monthly Repayments are :-
15900/12 = Rs. 1325
Ans. :- The monthly repayments are Rs. 1325
R% = 9%
T = 8 years
SI = PRT/100
SI = 15000×9×8/100
SI = Rs. 900
A = SI+P
A = 900+15000
A = 15900
Now,
His total amount is Rs. 15900. So, Monthly Repayments are :-
15900/12 = Rs. 1325
Ans. :- The monthly repayments are Rs. 1325
Answered by
1
Answer:
hope it correct
stay home
stay safe
Attachments:
Similar questions