Asked by Jashu

Find interest and total amount paid,if a person take a loan of Rs.6500 for 4 years at 9% rate of interest per annum
Answered by Jashu
Plz help give rply fast
Answered by Henry
Assuming simple interest:

P = Po + I = Po + Po*r*t.
P = 6500 + 6500*0.09*4 = 6500 + 2340 = $8840 = Total amt. paid.

I = P=Po =
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