Home » Questions » Unexperienced [ Ask a new question ]

If the rate of interest on a loan of 25600 is increased from 11%to12% , how much is the increase in interest in each year?

If the rate of interest on a loan of 25600 is increased from 11%to12% , how much is the increase in interest in each year?

Asked by: Guest | Views: 52
Total answers/comments: 1
Guest [Entry]

"Increased in interest   =     12% - 11%   =   1%

    Amount of increase in interest   =    0.01*256,00

                                                           =     256 units"