₹6000 is borrowed at 8% rate of interest p.a. Find the interest and amount after 3 years.
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Answer :-
₹ 7440
STEP BY STEP EXPLANATION :-
simple interest = P × R × T/ 100
= 6000 × 8 × 3
= 480 × 3
Simple interest = ₹1440
Amount = P + S.I
= 6000 + 1440
= ₹ 7440 ANS✓
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