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£12000 borrowed for 17 months at a rate of 12.5% p.a.
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1 vote
£12000 borrowed for 17 months at a rate of 12.5% p.a.

User Jay Jeong
by
7.4k points

1 Answer

3 votes

Answer:

1062.50

Explanation:

Interest = PRT / 100.

= 12000 × 12.5 × 17 /100 × 24

= 1062.50

User Skrx
by
7.3k points
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