Question

Sunil borrowed₹30000 at 9% simple interest per annum. he makes monthly payments for 4years. find : (i) the total interest to be paid, (ii) the total amount to be paid back, (iii the monthly amount to be paid.

Answer 1

Answer:

(i) Rs. 10, 800. (ii) Rs. 40, 800. (iii) Rs. 850

Step-by-step explanation:

In the attachment.. Hope it's helpful..

Answer 2

Answer:

I) principal - 30000

Rate - 9 %

Time - 4 years

- simple interest - P×R×T

100

- 30000×9×4

100

10800

ii) Amount - P t SI

30000 t 10800

- 40800

iii) monthly amount paid

paid - 40800

48

- rupees 850