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Mr Bhardwaj took a loan of Rs. 36000 fro...

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.

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The correct Answer is:
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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