CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Bank Passbook and Its Components

What will be ...

Question

What will be the interest payable on a loan of 15000 at the end of 3 years at 15% per annual

Open in App

Solution

Principal (P) = Rs 15000

Rate of interest (R) = 15% p.a.

Time (T) = 3 years

Simple interest = (P×R×T/100)= (15000×15×3/100)=Rs 6,750
Loan Payable =Rs 6,750

Suggest Corrections

thumbs-up

2

Similar questions

Q. 8000 is borrowed at 4 interest for annual for 2 years what will be the amount payable at the end of 2 years

Q. On what sum of money will compound interest (payable annually) for

2

years be the same as simple interest on Rs.

9, 430

10

years, both at the rate of

5

per cent per annum?

Q. At what rate of compound interest will the interest

R s .8000

3

R s .1261

, when the interest is payable annually?

What will be the compound interest on a sum of Rs.15000 after 5 years at the rate of 20%p.a compounded annually?

Q. What amount is to be repaid on a loan of

R s 12000

1 \frac{1}{2}

10 %

rate of interest per annum compounded annually.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Bank Passbook

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Bank Passbook and Its Components

Standard VII Mathematics

Join BYJU'S Learning Program

CrossIcon