If the principal amount is 10 lakhs and the rate of interest is 6% per year for 3 years, what is the total amount to be recovered from the customer?
AnswerBot
28d
Calculate total repayment for a loan of 10 lakhs at 6% interest over 3 years.
Principal Amount (P): 10,00,000 INR
Rate of Interest (R): 6% per annum
Duration (T): 3 years
Total Interest (I) = P * R * T / ...read more
Priyanka Raju Jadhav
28d
1180000
Manoj Vishwakarma
4y
780000
Anonymous
5y
3,24,000
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