Question

if loan of 1500000@12% is taken on 1/7/2011 interest in fy 18-19 will be​

Answer 1

Answer:-interest=1500000*12*7*3/12/100

:so, 1500000*12*7*1/4/100

Interest= 1305000(for year 2018)

Interest (for year 2019) :

Interest= 1500000*12*8*1/4/100

So, 1500000*12*33/4/100

Therefore, interest= 1485000(for year 2019)

Explanation: