What is the interest for 16,000 rupees at 1212% for one year? What wou – InterviewSolution

1.	What is the interest for 16,000 rupees at 1212% for one year? What would be the interest if the rate of interest is only 614%.
Answer» What is the interest for 16,000 rupees at $12 \frac{1}{2} %$ for one year? What would be the interest if the rate of interest is only $6 \frac{1}{4} %$ .

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