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A man borrows rs.450 and pays simple interst at 4% per annum.how much must he pay to clear the debt at the end of second year?

A man borrows rs.450 and pays simple interst at 4% per annum.how much must he pay to clear the debt at the end of second year?
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A man borrows rs.450 and pays simple interst at 4% per annum.how much must he pay to clear the debt at the end of second year?

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User Matthew Barbara
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8.3k points

1 Answer

2 votes
0.04 x 450 = 18
18 x 2 = 36
450 + 36 = 486 rs
answered
User Roosto
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7.8k points
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