Anil give a loan of rupees 50000 to Sunil for a period of 3 years at 16% per annum compounded yearly .how much interest will Anil earn.....?
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Answer:
SI= P×R×T\100
si= 50000×3×16/100
1500×16
si= 2400
Step-by-step explanation:
i hope it will hel you
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