Sudhakar borrows rupees 15000 from a bank to renovate his house he borrow some money at 9% p.a simple interest over 8 years what are his monthly payments
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Here's ur answer :-
Solution =)
=) SI=p x r x t/100
=) p=15000
=) r=9%
=) t=8years
=) SI=15000 x 9 x 8/100=150 x 72=10800
=) total amount =10800+15000=25800
=) now monthly payment=25800/(8 x 12)
=) 25800/96=278.4 ans...
_____________________
_____________________
HOPE , IT HELPS ... ✌️✌️✌️
______________________
______________________
Here's ur answer :-
Solution =)
=) SI=p x r x t/100
=) p=15000
=) r=9%
=) t=8years
=) SI=15000 x 9 x 8/100=150 x 72=10800
=) total amount =10800+15000=25800
=) now monthly payment=25800/(8 x 12)
=) 25800/96=278.4 ans...
_____________________
_____________________
HOPE , IT HELPS ... ✌️✌️✌️
teju5444231676489394:
my textbook answer is 268.75
Answered by
4
Given,P=15000
Rate percent =9
T=8 years
Applying formulae
SI=P×R×T/100
SI=15000×8×9/100
=10,800
Amount =SI+P
15,000+10,800
=25,800
8 years12×8=96
monthly payment
=25,800/96
=268.75
so,sudhakar monthly payment is Rs.268.75
Rate percent =9
T=8 years
Applying formulae
SI=P×R×T/100
SI=15000×8×9/100
=10,800
Amount =SI+P
15,000+10,800
=25,800
8 years12×8=96
monthly payment
=25,800/96
=268.75
so,sudhakar monthly payment is Rs.268.75
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