Maths Example Question:-<br /><br />
Assume that you have a car loan for $20,000. Your interest rate is 4%. your time is 6 years. To find the simple interest?<br /><br />
Question:-<br /><br />
How can we find Simple Intrest?<br />
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Please Answer Both Questions<br />
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Explain every step
Answers
Answered by
1
Answer:
1) 4800
2) Simple Interest (SI) = [principal(P)*time(T)*rate of interest(R)]/100
Explanation:
SI=P*T*R
SI=(20000*6*4)/100
SI=480000/100
SI=4800
Answered by
0
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