what will be interest for 1000 rs in one year at rate of interest 6% per month ?
Answers
Answered by
1
Answer:
60rs interest will be for 1000rs
Answered by
1
Answer:
720rs
Step-by-step explanation:
p = 1000
r= 6% monthly i.e 6*12= 72%per year
now simple interest for 1 year will be
72% of 1000 i.e 72*1000/100= 720
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