Suman withdrawal rupees 2000 per month on the last day of every month during the year 2017. Interest on drawing is to be charged at the rate 12% per annum. Identify the amount of interest
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Answer:
240
Explanation:
12 divided by 100 multiplied by 2000
cut 2 zeros of 2000 from 100 = 20
then 20X12= 240
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