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Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?
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Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?

User Vigneshwaren
by
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2 Answers

1 vote

Answer:1320

Step-by-step explanation:2000×12×11/2/100

Two divide by twelve=6

2000÷100=20

20×6×11=1320

User Pei
by
5.6k points
2 votes

Answer:

1320

Explanation:

as

SI=(P×T×R)/100

SI=(2000×12×11/2)/100

SI=132000/100

:.SI=1320

User DLeh
by
6.0k points
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