vijayan took out a loan of 50,000 rupees 12 percentage interst how much should he pay back after 3 years
Answers
Answered by
2
Interest = P×R×T÷100
=50000×12×3
= 1800000÷100
18000
Viyajan should pay ₹18000 interest
Total Amount=Loan+Interst
= 50000+18000
=68000
Answered by
2
Answer:
68,000 Rupees
Step-by-step explanation:
Calculate simple interest first.
50000 × 12 × 3
________________
100
= 1800000
__________ = 18000
100
So, S.I. = 18000.
Amount = Loan borrowed + Interest
= 50000 + 18000 = 68000.
Therefore, the total money he should pay back is 68000 Rs.
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