3) The extra amount that is paid along with the the loan is known as ___
Interest
Total amount
Cost price
Answers
Answered by
1
Answer:
intrest
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Answered by
7
Answer:
The extra amount that is paid along with the the loan is known as Interest
Interest is the answer
❖ Extra information :
⟡ Interest :
=> To calculate interest we use the following formula:
where, I = interest
P = Principal
R = rate of interest
N = number of years
Later, we add this interest to principal to give the final amount
Amount = Interest + Principal
Hope it helps!
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