Ask a New Question

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

2 answers

Plz help give rply fast

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 =

Ask a New Question or answer this question.

Similar Questions

rick borrows 48,000 the loan will be a 10% add-on loan interest will be charged for 2 full years, rick will repay on monthly
1. 1 answer
Ashira took a loan of $200000 from a bank which offers 15% interest compounded annually for 30 years.Calculatea) Monthly
1. 1 answer
Lamar is considering two loans.Loan A Loan B Principal $4,500 $4,300 Interest rate 5% 6% Time in years 3 3 Which loan will have
1. 1 answer
Suppose that a loan of $6500 is given at an interest rate of 7% compounded each year. Assume that no payments are made on the
1. 1 answer

more similar questions