Question

In how many years will the loan amount to ₹ 49000 in simple interest?

Answer 1

Answer:

How do you calculate simple interest on a loan?

The formula for simple interest is: Simple Interest = (principal) x (rate) x (# of periods). Principal is the amount you borrowed, the rate represents the interest rate you agreed to, and the number of periods refers to the length of time in question. Of course, this is the most basic formula for calculating interest.

Step-by-step explanation:

Answer 2

Answer:

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