4. Joseph took a loan of * 12,000 from a bank, which charges 13 % p.a. – InterviewSolution

1.	4. Joseph took a loan of * 12,000 from a bank, which charges 13 % p.a. interest annually. What amount has he to return to the bank after 3 years?
Answer» JOSEPH took a loan of ₹12,000 from a bank,charges 13 % p.a. interest annually3 YEARS?Formula Of CL:-PRINCIPLE × rate×time/×10012000×13×3/100468000/100=4680. principle + simple interest=12000+4680=16680Hence, This is Answer.

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