Math, asked by yamuna19, 11 months ago

A sum of Rs 1000 is borrowed at the rate of Rs 1 per month on every Rs.100. How much more money (interest) will be paid after one year

Answers

Answered by vallimohanm

2

if they are paying 1 rs on every 100 rs then the rate of interest is 1% /month. for 12 months it is 12%

Answered by HimanshuPriyadarshi

4

Answer:

Simple interest=PRT/100=1,000*12*1/100=₹120

final amount=1000+120=₹1120

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