Dinesh takes a loan of Rs.5,60,000 to buy a Car at the rate of 8 % simple Interest. Calculate the annual interest to be paid for the loan amount.
Answers
Answered by
0
Answer:
44800
Step-by-step explanation:
Simple interest
=PRT/100
=560000×8×1/100
=44800
Answered by
1
Answer:
Principal = Rs.5,60,000
rate = 8% and as annual interest is to be calculated time= 1 year
S.I = P×R×T/100 =
5,60,000 × 8×1/100 = Rs.44,800 therefore, annual interest to be paid = Rs. 44,800
Step-by-step explanation:
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