15,000 to run a business frong, the interestm a bank atI1. Two friends

1.	15,000 to run a business frong, the interestm a bank atI1. Two friends together took a loan amount ofrate of simple interest of 12% per annum. Let us write, by calculatito pay after 4yrs.
Answer» Given P = 15000, R = 12%, T = 4 years SI = PRT/100 = 15000124/100 = 150*48 = 7200 Therefore, interest they have to pay after 4 years = Rs 7200

15,000 to run a business frong, the interestm a bank atI1. Two friends together took a loan amount ofrate of simple interest of 12% per annum. Let us write, by calculatito pay after 4yrs.

Answer»

Given P = 15000, R = 12%, T = 4 years

SI = P*R*T/100 = 15000*12*4/100 = 150*48 = 7200

Therefore, interest they have to pay after 4 years = Rs 7200