أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
A term loan is a monetary loan that is repaid in regular payments over a set period of time and term loan usually involves an unfixed interest rate that will add additional balance to be repaid.
The information given in the question is not enough. Well if the time period of loan repay is one year then the amount of principal and interest will be 109000. To find amount of interest is by multiplying amount,time and rate set by the bank.
