what amount should be lent in order to earn a monthly income of rs 6000 at 10% per annum simple interest
Answers
Answered by
82
Step-by-step explanation:
to use SI Calculator?
- Firstly, multiply the principal P, interest in percentage R and tenure T in years.
- For yearly interest, divide the result of P*R*T by 100.
- To get the monthly interest, divide the Simple Interest by 12 for 1 year, 24 months for 2 years and so on.
Similar questions