The formula is simple: interest = principal × rate × time, so for ₹8000 at 9% for 2.5 years, it's 8000 × 0.09 × 2.5 = ₹1800. But yaar, the obvious answer never includes the processing fees I paid on my own small loan last year—it felt like an extra month's interest right from the start. Bas, that number from the book is never the full story.
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