Rajesh borrowed rupees 20000 from a bank for 4 years at the rate of 12% per year simple interest . how much should be paid to clea

1 thought on “Rajesh borrowed rupees 20000 from a bank for 4 years at the rate of 12% per year simple interest . how much should be paid to clea”

1. Answer:

   ₹ 29600

   Explanation:

   Acc. to interest per year,

   20000 × (12/100) = ₹ 2400

   so, for 4 years,

   2400 × 4 = 9600

   Then after 4 years to clear the debt

   Totally ₹ 29600

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