simple intrest on 50000 at 5% for 1 month
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Answered by
1
Answer:
To calculate the monthly accrued interest on a loan or investment, you first need to determine the monthly interest rate by dividing the annual interest rate by 12. Next, divide this amount by 100 to convert from a percentage to a decimal. For example, 1% becomes 0.01.
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2
Answer:
simple intrest on 50000 at 5% for 1 month
Step-by-step explanation:
SI = 50000/5%
T = 1 M
= 10000
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