Sudhakar borrows 15000 from a bank to renovate his house.he borrows the money at 9%p.a.simple interest over 8 years .what are his monthly repayments
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time 8 years or 72 months
principal is 15000
rate is 9%
so SI is 15000*9*8/100
SI is 10800 per year
SI per month is 10800/12
=900
monthly repayment is 15000+900=15900
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principal is 15000
rate is 9%
so SI is 15000*9*8/100
SI is 10800 per year
SI per month is 10800/12
=900
monthly repayment is 15000+900=15900
mark me as brainliest
become my followers please
it will help you
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