Find the simple interest payable on the loans given below by using the formula. ₹22,000 for 2 years at 16% p.a.
Answers
Answered by
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Step-by-step explanation:
i=p*r*t/100
22000*2*16/100
7040 is interest
amount=p+i
a=22000+7040
29040
answer
amount is 29040
interest is 7040
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Answered by
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Answer:
- first loan 22000 pa- 16% time-2 year interest = 22000×16/100×2/100
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