2. Vilasrao borrowed Rs 20,000 from a bank
at a rate of 8 p.c.p.a. How much interest
will she get at the end of the year!
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11
Answer:
Principal = ₹20, 000
Rate of interest = 8%p.a.
time = 1 year
S. I = 20000 × 8× 1 / 100
=₹1600
Amount = P+ S. I
= 20,000+1600
= 21,600
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