Unhili
bankin
choose the correct answer from the followin
1. a person purchased a lap top for rs.3 by
raising a loan from the bank at 12% on simple
rate of interest, payable in 2 years as weekly
payment. the total amount of interest would be
rs. and the weekly instalment would be a
rs.
a. 7200, rs.357.60 b . 3600, rs.357.60
c. 7200, rs.715.20 d. 3600, rs.715.20
a is the correct answer but how?

Step-by-step explanation:

I = PRT = 30000 * (12/100) * 2 = 7200

interest = 7200

loan = 30000

total = 37200

we have 52 weeks in a year, he collected the loan for 2 years which becomes 104 weeks

the loan and interest = 37200 divided by 104 weeks

to get weekly installment

37200 / 104 = 357.69

b. x + 1

step-by-step explanation:

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step-by-step explanation:

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