) 12 % P.A. Interest on BANK LOAN Rs. 50,000 for 1 Year.
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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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12./. intrerest p.a on bank loans rs 50000 ( for the year )
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