Math, asked by ashok813034, 11 months ago

A person took a loan of Rs.10,000 on Jan 1,2008. At the end of every month he has to
pay Rs.1000 for 12 months so that his loan will be totally repaid by December 31,2008.
The implied interest rate per annum is (approx)
A. 20%
B. 25% C. 28% D.35% E. 42.%

Answers

Answered by Adi04904A

0

Answer:

option a is correct 20 %

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