Question

If the rate of simple interest on a loan is increased
from 5.5% to 6%, the amount interest is increased
by Rs.660. How much is the loan?

Answer 1

Answer:

1,32,000

Explanation:

132000*5.5%=7260

132000*6%=7920

Increment in interest by 0.5% is difference between 7920-7260=660