Accountancy, asked by atharvatemkar31, 2 days ago

12% p. a. interest on Bank loan Rs 60000 for 6 months. Calculate interest.

Answers

Answered by 5266manikarthik

0

103200 is the correct answer

Answered by AllenGPhilip

25

Answer:

Explanation:

Loan Amount = 60,000

Rate of Interest = 12%

Time = 6 months

Interest = Amount × Rate × Time

Interest = 60,000 × 12% × ⁶/₁₂

Interest = 3,600

Hence the interest is 3,600

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