The interest on a sum of ₹1200 for 3 years at the interest rate 12% is *
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Answer:
Gather information like your principal loan amount, interest rate and total number of months or years that you'll be paying the loan.
Calculate your total interest by using this formula: Principal Loan Amount x Interest Rate x Time (aka Number of Years in Term) = Interest.
Step-by-step explanation:
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Step-by-step explanation:
1200×3=3600
3600×12%=432
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