Question

2) 12% p.a. Interest on Bank
loan 80,000 for 1 year.​

Answer 1

Answer:

Divide the annual interest amount by 12 to calculate the amount of your per annum interest payment that is due each month. If you owe $600 for the year, you make monthly payments of $50. Another way to make the same calculation is to divide the annual interest rate by 12 to calculate the monthly rate.

Explanation:

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Answer 2

Answer:

9600

Explanation:

80000×12÷100= 9600