smriti borrows rs40,000 for 90 days at the rate of 10% p.a.Find the interest she would pay at the end of the term.
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smriti borrows rs40,000 for 90 days at the rate of 10% p.a.Find the interest she would pay at the end of the term.
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Answer:
p={rₓtₓi}
6050=3ₓ65/1000ₓi
6050=0.195i
i=31025.64
total amount paid=6050+31025.64
=37075.64
Step-by-step explanation:
Answer:
Step-by-step explanation:
P = 40,000
T = 90 days = 3 months = 3/12