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?

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

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» <html><body><a href="https://interviewquestions.tuteehub.com/tag/joseph-521912" style="font-weight:bold;" target="_blank" title="Click to know more about JOSEPH">JOSEPH</a> took a loan of ₹12,000 from a bank,charges 13 % p.a. interest annually3 <a href="https://interviewquestions.tuteehub.com/tag/years-1464846" style="font-weight:bold;" target="_blank" title="Click to know more about YEARS">YEARS</a>?Formula Of <a href="https://interviewquestions.tuteehub.com/tag/cl-408888" style="font-weight:bold;" target="_blank" title="Click to know more about CL">CL</a>:-<a href="https://interviewquestions.tuteehub.com/tag/principle-1166255" style="font-weight:bold;" target="_blank" title="Click to know more about PRINCIPLE">PRINCIPLE</a> × rate×time/×10012000×13×3/100468000/100=4680. principle + simple interest=12000+4680=16680Hence, This is Answer.</body></html>