Question

The value of motor car is RS 850000 and the rate of premium 5.5% for 5 years find the total amount of premium,if depreciated 12% yearly

Answer 1

Step-by-step explanation:

Given

principle amount = ₹ 850000

rate of interest = ₹ 5.5%

time period = 5

SI = P×R×T/ 100

SI= 8500×5.5 ×5

= 233750

AMOUNT = 233750+850000 = 1083750