Shanta borrowed Rs 6000 from the State Bank of India for 3 years 8 months at 12% per annum - Maths -

Question

Shanta borrowed Rs 6000 from the State Bank of India for 3 years 8
months at 12% per annum What amount will clear off her debt?

Global Expert · Accepted Answer

P=Rs 6000, R=12%, T=3 years 8 months = 3812=4412yearsS
I
 =P×R×T100=6000×12×44100×12= Rs 2640A= P+S
I
                = 6000+2640               = Rs 8640

Shanta borrowed Rs 6000 from the State Bank of India for 3 years 8 months at 12% per annum. What amount will clear off her debt?