11. Sara borrowed *60,000 from a money lender at 15% rate of interest per annum. What is the interest she paid after 4 years?​

Question

11. Sara borrowed *60,000 from a money lender at 15% rate of interest per annum. What is
the interest she paid after 4 years?​

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Cherry 4 years 2021-08-20T20:15:15+00:00 1 Answers 26 views 0

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  1. phucdien
    0
    2021-08-20T20:16:50+00:00
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    Answer:

    36000

    Step-by-step explanation:

    Given the following

    Principal = 60,000

    Rate = 15%

    Time = 4years

    Using the simple interest formula

    SI = PRT/100

    SI = 60000*15*4/100

    SI = 600 * 60

    SI = 36,000

    Hence the interest paid after 4 years is 36000

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