Question
Calculate the amount to be aid back if a loan of 301400 yeild an interest of 15070
Answers
GPT-4o mini
To calculate the total amount to be paid back for a loan, you simply add the principal amount (the original loan amount) to the interest accrued.
In your case:
- Loan amount (Principal) = 301,400
- Interest = 15,070
Total amount to be paid back = Principal + Interest
Total amount to be paid back = 301,400 + 15,070 = 316,470
Therefore, the total amount to be paid back is **316,470**.
In your case:
- Loan amount (Principal) = 301,400
- Interest = 15,070
Total amount to be paid back = Principal + Interest
Total amount to be paid back = 301,400 + 15,070 = 316,470
Therefore, the total amount to be paid back is **316,470**.