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1 April, 22:30

How much interest would I pay on 99,000 AT 9.5% for 6 years?

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Answers (2)
  1. 1 April, 22:42
    0
    Interest = Principal x Time x rate / 100

    = 99000 x 6yrs x 9.5 / 100

    = 56430 rs.
  2. 2 April, 01:05
    0
    Principal = Rs 99000

    time = 6 years

    rate% = 9.5 % per year

    simple interest = (p X t X r) / 100

    therefore the simple interest = Rs 56430
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