shadowlegend17
contestada

Pankaj borrows rupees 57,000 to buy a used car and is charged the rate of interest 6% per annum. if the term of his borrowing is 4 years, how much interest does he pay?​

Respuesta :

Rs.13680 is the answer.

Step-by-step explanation:-

Given-

•Principal (P) = Rs.57,000

•Rate (r%) = 6%

[tex]→ \frac{6}{100} [/tex]

[tex]→ 0.06[/tex]

•Time (n) = 4 years

Applying Interest formula,

[tex]→In=P \times R \times T[/tex]

[tex]→57,000 \times 0.06 \times 4[/tex]

[tex]→Rs.13680[/tex]

Hence, the interest is Rs.13680

Otras preguntas