Question

Mr. Maharjan borrowed a sum of Rs 9,000 from an Agricultural Development Bank at the rate of 12.5 %. How much amount should he pay to clear the debt after 5 years?​

Answer 1

Explanation:

Principal = Rs 9000

Rate = 12.5 %

Time = 5yrs

Amount=?

We know

I=p×t×r÷100

=9000×5×12.5÷100

=562500÷100

=5625

now

A=P+I

=9000+5625

14625