4. A man pays back *14,062.50 as interest 30 months
after taking a loan at 12.5% per annum. How much
money had the man taken as loan?
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Answer:
The money he took for loan is 45000
Step-by-step explanation:
First you have to find the internet for a month which is 468.75 and then multiply by 12 for a year so it is 5625 then the formula is interest money/interest percent x 100 so 5625/12.5 x 100 = 45000.
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