Question

What is the monthly interest on 4 lakhs money with interest rate of 8.5%

Answer 1

Answer:

monthly interest will be 35%/....

Answer 2

Step-by-step explanation:

$400000 \times \frac{8.5}{100 \times 12} \\ = 400 \times \frac{85}{12} \\ = 2833.33$