Question

Sunil borrowed rupees 3800 from the bank at the rate of 14 1/2 % per annum for 2 1/2 years find the interest and amount paid by him at the end of 21/2 years

Answer 1

Answer: 1653000 RS.

Step-by-step explanation:

So borrowed amount of 3800 rs at the rate of 14.5 % per annum or month he returns it after 2.5 years or 30 months . Thats equal to 30 annums

So 30 months = 30 annums

And rate = 14.5 x 30 = 435%

Now he would return 435x3800 =1653000 rs