Question

(e) A loan costs Veena 14% per annum. If she takes a loan of 12,000 for 2 months, how
much interest will she have to pay?​

Answer 1

Answer:

280 rupees

Step-by-step explanation:

S.I = (P x R x T)/100

     =(12000 x 14 x 2/12)/100       2 months = 2/12 years

     =280 Rs