Question

12% p.a. interest on bank loan ₹80,000 for 6 months , calculate interest .​

Answer 1

Answer:

12 % p.a. Interest on Bank loan ₹ 80,000 for 1 year.

I =

PRN

PRN100=80,000×12100×1 = ₹ 9600

Thus, interest on Bank loan ₹ 80,000 for 1 year = ₹ 9600.

Concept:

Answer 2

Answer:

The interest = ₹ 4800

Step-by-step explanation:

Given data  

Bank loan ( principal amount ) = ₹ 80,000

     interest per annum  (Rate) = 12%

                        time period (T) = 6 months

⇒ 6/ 12 = 1/2 year  

here we need to calculate interest for 6 months

⇒ the formula for interest is given by I = $\frac{PTR}{100}$  

                                                                = $\frac{80,000(\frac{1}{2})(12) }{100}$  

                                                                = $\frac{40,000(12) }{100}$

                                                                = 400(12) = 48,00 ₹