Question

Tinu had taken a loan of 134000 with an interest 12% per month,, how much money he need to pay after 11 months
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Answer 1

Explanation:

rate of interest-11 per cent

Time taken= 18 months = 18/12 year=1.5 year

Interest= 587.40 dollar

Principalx Rate of interest - Time/ 100=587.40

Px11x1.5 /100=587.40

P=587.40x100/11x1.5

P=3560