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How does the calculate interest on …

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How does the calculate interest on loan ? Such as Ram gave loan Rs.20000 to shyam in 6% per annum, And shyam paid the loan in 6 month only , lets tell you how many interest paid by shyam and how did you calculated please tell , step by step , thanks

    • Posted by Jitendra Kumar Rathiya 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Divya Dd 6 years, 10 months ago

    Intrest on Ram's loan = 6/100 × 20000 × 6/12 = 600

    1Thank You

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