Question

Loan of Rs. 10,000 @ 12% p.a has been taken from bank on 1st July, 2018, the amount of

Interest paid for the year ending 31st March, 2019 is Rs.……… how much ??
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Answer 1

Answer:

Rs. 1,200.

Explanation:

If Rs. 10,000 loan taken from bank for @ 12% p.a. interest, then the amount that will have to pay at end of the 31 at March,2019 is,

→ 10,000 × 12 / 100

→ 100 × 12

→ 1,200. Ans.

I hope this will help you friend.