Question

Sunil burrowed rs 3800 from the bank at the rate of 14.5% per annum for 2.5years.Find the interest and amount paid by him at the end of 2.5years.

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 . That's would be equal to 30 annums

30 months = 30 annums

$rate = 14.5*30 = 435%$

he would return $435*3800=1653000 rs$

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