Question

) 12 % P.A. Interest on BANK LOAN Rs. 50,000 for 1 Year.
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Answer 1

Given : Amount Rs 50000 for 1 year at interest rate 12% Per annum

To Find : Interest

Solution:

P = 50000   Rs

R  = 12 %  P.A

T = 1  Year

SI = Simple interest

SI = P * R * T /100

= 50000 * 12 * 1  /100

= 500 * 12

= 6000  Rs

Interest is Rs 6000

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Answer 2

12./. intrerest p.a on bank loans rs 50000 ( for the year )