Question 1123837

A man borrowed ₹18,000 from his friend at 7% per annum simple interest. He returned the money after 3 years 6 months. How much money did he pay back altogether?
<pre>Formula for SIMPLE INTEREST accumulated value: A = P(1 + TR)
In this case, we get: A = 18,000[1 + 3.5(.07)], which = {{{highlight_green("$22,410")}}}
That's all!!