Math, asked by charooba8gmailcom, 4 months ago

kabir paid rs 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. what was the amount he took as loan ​

Answers

Answered by sangya077
0

Step-by-step explanation:

Investments earned on a scheme are calculated as gains accumulated against the interest accumulated. Such gains are compiled in either compound or simple interest. Interest is calculated on principal amount.

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