A man borrows 39000 for 1 and half year at a rate of 1 65 What-01488
This subjective question is related to the book/course
vu eng512 Bilingualism.
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vu eng512 Mid Term Solved Past Paper No. 1.
Question 1: A man borrows $39000 for 1 and half year at a rate of 1.65%. What is the simple interest he has to pay?
P= principal = $39000
R= interest rate= 1.65%
T= 1.5 year
Interest, I =(39000 * 1.65 *1.5)/100 = Rs 965.25
Answer:
Simple interest is given by
I= P*R*T/100P= principal = $39000
R= interest rate= 1.65%
T= 1.5 year
Interest, I =(39000 * 1.65 *1.5)/100 = Rs 965.25
