Question

A loan of rs.700 is made at 9.5% simple interest for 4 months. How much interest is owed when the loan is due?

Answer 1

simple intrest = (p*r*t) / 100

principal (p) = 700

rate(r) = 9.5 %

time(t) = 4 months

you multiply p,r,t and divide it by 100

Answer 2

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Explanation:

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