5. Using the formula, calculate the amount, when:
Principal = 20,000, Rate = 15% per annum, Time = 3 years.
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Answer:
Principal = Rs.20,000
Time = 3 years
Reate = 15% p.a.
SI = P× R×T / 100
= 20,000× 15 × 3 / 100
= Rs.9,000
Amount = Principal + SI
= Rs.20,000+9,000
= Rs.29,000
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