vasanth starts a dairy milk business by obtaining a loan of 25000from a bank at the rate of 15% per annum calculate the amount to be paid to the bank after 4 years
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in this case the rate is 15%(r) per year.
the main amount is 25,000(p) ruppes
the time is 4 (p)year
lets think that,the interest is (i)
we know that ,
i=ptr
or,.i=25,000×4×15/100
or,.i=15,00
so we can say that the interest of 4 year is 15,000 ruppes.
so vasanth must pay (25,000+15,000)ruppes =40,000 rs. after 4 year .
hope it will help you.
the main amount is 25,000(p) ruppes
the time is 4 (p)year
lets think that,the interest is (i)
we know that ,
i=ptr
or,.i=25,000×4×15/100
or,.i=15,00
so we can say that the interest of 4 year is 15,000 ruppes.
so vasanth must pay (25,000+15,000)ruppes =40,000 rs. after 4 year .
hope it will help you.
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