(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?
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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
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