17. Tushar borrowed Rs.550 at 15% per annum from a friend for 2 years. Calculate the interest paid and
amount paid by Tushar?
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Step-by-step explanation:
Given, P = Rs 550
R = 8 %
T = 2 years
Interest = P×R×T / 100
= 550×8×2 / 100
= Rs 88
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