Question

Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?

Answer 1

Answer:

1320

Step-by-step explanation:

as

SI=(P×T×R)/100

SI=(2000×12×11/2)/100

SI=132000/100

:.SI=1320

Answer 2

Answer:1320

Step-by-step explanation:2000×12×11/2/100

Two divide by twelve=6

2000÷100=20

20×6×11=1320