Mr Bhardwaj took a loan of Rs. 36000 from a money lender at `24%` p.a. – InterviewSolution

InterviewSolution

1.	Mr Bhardwaj took a loan of Rs. 36000 from a money lender at `24%` p.a., he clered the loan in 9 months. Find the interest paid by Mr Bhardwaj to the money lender.
Answer» Correct Answer - Rs. 6480 P= 36000 `R=24%`pa `T=9" months"=(9)/(12)" years"` `I=(PTR)/(100)=(36000)/(100)xx(9)/(12)xx24=360xx(3)/(4)xx24` `=360xx3xx6=6480` `:.` Interset paid by Mr Bhardwaj to the money lender `=Rs. 6480`

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