Question

Susanta took a loan of ₹ 9000 to buy an almirah at 5% p.a. How much should he pay after 4 year 6 month to clear off his debt ? How much interest did he pay ?​

Answer 1

Step-by-step explanation:

PRINCIPAL = Rs. 9000

RATE = 5 %p.a.

TIME = 4 yr 6 month = 4 + 6/12

= 4.5 years

FORMULA = (p×t×r)/100

9000 × 4.5 ×5/100

= 2025

S.I = 2025

Amount 2025 +9000

=11025