Solve the following problems.

Hari took a loan of Rs. 6,000 from a finance company at 18% p.a simple interest. If he repays both principal and interest after 3 years and 8 months, how much money will he pay?

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Solution

We have,

Thus, after 3 years 8 months, he needs to pay Rs.9960.

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Solve the following problems. Hari took a loan of Rs. 6,000 from a finance company at 18% p.a simple interest. If he repays both principal and interest after 3 years and 8 months, how much money will he pay?

We have, Thus, after 3 years 8 months, he needs to pay Rs.9960.

Solve the following problems.

Hari took a loan of Rs. 6,000 from a finance company at 18% p.a simple interest. If he repays both principal and interest after 3 years and 8 months, how much money will he pay?

We have,

Thus, after 3 years 8 months, he needs to pay Rs.9960.