Manish borrowed Rs 450000 from a bank at 8% p a simple interest to pay installments of his new house - Maths - Comparing Quantities

Question

Manish borrowed Rs 450000 from a bank at 8% p a simple interest to
pay installments of his new house in a society What amount did he
pay to the bank after 6 years???:-D♥♡♣☆

Varun.Rawat · Accepted Answer

We have,Principal, P = Rs 4,50,000Rate, R = 8% p
aTime,T = 6 yrsNow, I = PRT100 = 450000 × 8 × 6100 = Rs 216000Now, Amount = P + I = 450000 + 216000 = Rs 666000

Manish borrowed Rs.450000 from a bank at 8% p.a simple interest to pay installments of his new house in a society. What amount did he pay to the bank after 6 years???:-D♥♡♣☆