Sunitabai borrowed rs 60000 at 9p.c.p.a. Simple interest for 3 years to have her house repaired. Had she borrowed the same sum for the same period and the same rate at compound interest how much more interest would she have to pay
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Answered by
2
Answer:
60000*9%=5400
5400*3 years=16200
she have to pay =60000+16200
=76200
Answered by
0
Answer:
Sunitabai borrowed Rs 60,000 at 9 p.c.p.a. simple interest for 3 years to have her house repaired. Had she borrowed the same sum for the same period and the same rate at compound interest, how much more interest would she have had to pay?
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