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