In all competitive exams questios on simple intrest ar
common.now we will see simpl interest. When we will go to a bank manager and we
will asked a loan of Rs.100/-. He will say that” the rate of interest is 12%
per anum”. What is the rate of interest? When we are taking Rs.100/- from a
bank at 12% rate of interest mean’s after one year we need to pay Rs.12/- extra
along with Rs.100/-.
The
following table shows the interest payable at every year end.
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