Question

Jhon took a loan from a bank Rs.25000 for 2 years at 10%.What will he pay interest after 2 year?​

Answer 1

Rs. 5000.

Explanation:

Principal = Rs.25000

Time = 2 years

Rate = 10%

simply interest = Principal × time × rate / 100

simply interest = 25000 × 2 × 10 /100

simply interest = 250 × 2 × 10

simply interest = 2500× 2

simply interest = 5000.