dheepty0103 dheepty0103

02-06-2021
Mathematics

contestada

Mike borrowed a sum of rs 9450 for 5 years at a rate of 6% per year. calculate the total amount that he had to pay.

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bhadelsimron19 bhadelsimron19

02-06-2021

Answer:

Step-by-step explanation:

principal=rs 9450

time=5 years

rate=6%

Interest=PTR/100

=9450*5*6/100

=283500/100

=rs 2835

Total amount=Interest+principal

=rs 2835+rs 9450

=rs12285

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