If 1 rupee interest getting for 100 rupees for 1 month , what is interest percentage
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1
Answer:
1 rupee interest is calculated on the principal amount per month. For example, if a person borrows 100 rupees at 1 rupee interest he has to pay 1 rupee interest every month. So he has to pay 12 rupees in 1 year. Therefore, 1 rupee interest on 100 rupees means the percentage of interest is 12%
Step-by-step explanation:
Answered by
0
Answer:
1%
Step-by-step explanation:
if 1 rupee is intreset on 100 rupees than it means intrest rate is 1 % for a month
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