10. Simran gave a loan of Rs.1,50,000 to a farmer at the rate of 10% p.a. for 3 years.
a) Find the amount to be paid by the farmer after three years.
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Step-by-step explanation:
100 rs- 10% means 10 rs then
1000==100 rs(rupees)
10,000==1000 rs
1,00,000==10,000 rs
it means for 1,00,000=10,000 (for 1 lakh it is ten thousand rupees)
50,000=5,000(for 50,000 it is 5 thousand rupees)
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1,50,000=15,000 (for 1 year)
for 3 years (15,000*3=45,000)
you have to pay-------------1,50,000
-------------+ 45,000
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1,95,000 (TOTAL)
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