Thomas took out 50000 rupees as loan from bank . After one year , he had yo pay back 52000 rupees .

Thomas took out 50000 rupees as loan from bank . After one year , he had yo pay back 52000 rupees . metal coins I do not grow ise and the when crops rs don't get How much more did he get? This extra money is called interest. What if we take out a loan from a bank? Interest rate took out 50000 rupees as loan from a bank. After one year, he had to pay back 52000 rupees. How much is the interest? What percent ofthe loan amount is this? 2000 x 100 = 50000

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