31. Dolly borrowed some money form Ranu for 6
years.
Ranu charged simple interest at the rate of 3% per
annum. If Dolly returned 1,18,000 find sum she
borrowed.
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Answer:
Amount to be paid=principal amount+ Simple interest
Simple interest=
P×R×T/100
where P is the principal amount ,T is time and R is the rate of the interest.
Simple interest=
10,000×15×2/100
=3000
Amount to be paid=10,000+3000=Rs.13000
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