Jethalal took a housing loan of Rs 2,50,000 from a bank at 10 p.c.p.a. for 5 years. What is the yearly interest he must pay and th

1 thought on “Jethalal took a housing loan of Rs 2,50,000 from a bank at 10 p.c.p.a. for 5 years. What is the yearly interest he must pay and th”

1. Step-by-step explanation:

   Given:

   Principal (P) = 250000 rupees,

   Rate of interest (R) = 10%

   Time (T) = 5 years

   Total interest (I) = P×R×T100

   =250000×10×5100

   = 125000 rupees

   Now, total amount = P + I

   = 2500000 + 125000

   = 375000 rupees

   Hence, Jethalal will have to pay 125000 rupees as an interest and 375000 as the the total amount to the bank.

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