10. A man borrowed 7500 for 2 years at
the rate of 10% per annum. How much
money will be pay after two years?
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Answer:
THEREFORE HE HAS TO PAY 9074 AFTER 2 YEARS
Explanation:
P=7500
T= 2 YEARS
R=10%
A=?
A={1+(r/100)^n} ×p
A={1+(10/100)²} ×7500
A=(110/100)²×7500
A=(11/10)²×7500
A=121/100 ×7500
A=121×75
A=9,075
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