Rahul borrows ₹24,000 at 5% simple interest for 2 years. If 5% of the principal is deducted as a loan processing fee, how much interest does Rahul actually pay?
Rahul borrows ₹24,000 at 5% simple interest for 2 years. If 5%…
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Written by
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Rahul borrows ₹24,000 at 5% simple interest for 2 years. If 5% of the principal is deducted as a loan processing fee, how much interest does Rahul actually pay?
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