A bank loans a sum of Rs 100,000 at an interest rate 5 % per annum for 2 yeras. Calculate its simple interest and

the total amount to be paid to the bank.

Show your working below, or attach a picture of your

solution.

Skip to content# A bank loans a sum of Rs 100,000 at an interest rate 5 %per annum for 2 yeras. Calculate its simple interest andthe total amount

Mathematics ##
Comments (3) on “A bank loans a sum of Rs 100,000 at an interest rate 5 %per annum for 2 yeras. Calculate its simple interest andthe total amount”

### Leave a Reply Cancel reply

the total amount to be paid to the bank.

Show your working below, or attach a picture of your

solution.

Discussing interest starts with the principal, or amount your account starts with ... For longer term loans, it is common for interest to be paid on a daily, monthly, ... Interest rates are usually given as an annual percentage rate (APR)—the total ... In the below formula, “m” represents number of compounding periods per year and .

Step-by-step explanation:

Okay i will add you

is this part of a question or something