Question #92006

1 Answer
Nallasivam V
Jan 30, 2018

Interest #= $.150#

Explanation:

Given -

Loan amount #=$.1500#
Rate of interest #=12%#
Duration #= 1 year#

The interest to be paid #=#loan amount #xx# rate of interest #xx# duration

The interest to be paid #=1500 xx 10/100 xx 1=$.150#
Interest #= $.150#

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