Math, asked by Ketanjiwane57701, 11 months ago

Monthly interest of 100 rupees is 1.5 rupees the what is the percentage of interest

Answers

Answered by Anonymous

Answer:

1 rupee interest is calculated on the principal amount per month. For example, if a person borrows 100 rupees at 1 rupee interest he has to pay 1 rupee interest every month. So he has to pay 12 rupees in 1 year. Therefore, 1 rupee interest on 100 rupees means the percentage of interest is 12%.

Previous Question

Next Question

Similar questions

India Languages, 5 months ago

the energy is used to sail boats and run windmills...

Math, 5 months ago

find x if 3x/5x - 5 = -1...

Science, 5 months ago

4. Name the type of teeth that squirrels have. Name two more animals having the same type of teeth.

Economy, 11 months ago

Money market where debt and stocks are traded and maturity period is more than a year is classified as a. Shorter term markets b. Capital markets c. Counter markets d. Long-term markets...

Biology, 11 months ago

Mitochondria has what type of chromosomes ribosomes...

Business Studies, 1 year ago

Is there any need to conduct enquiry if an employee is caught stealing red handed in india?

Computer Science, 1 year ago

Which is used to convert the byte-oriented stream into character-oriented stream...

Biology, 1 year ago

The triphosphate which serves as energy source for protein synthesis is...