Question

Tharun got a loan for 2 years at the rate of 6% p.a. If the principal is ` 5000, the amount to be returned by him is `​

Answer 1

Step-by-step explanation:

Interest = Time × Rate × Principal /100

$\frac{2 \times 6 \times 5000 }{100} = 600$

Amount = Interest + Principal

= 5000+600

= 5600