4. Mr Sharma borrowed some money from a friend at the interest rate of 8% per annum. He
repaid his debt by paying 16 800 at the end of 5 years. How much did he borrow?
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Answer:
12000
Step-by-step explanation:
Amount=Principal+Interest
16800=P+PTR/100
16800=P+P*5*8/100
solving P=12000
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