Question

7. A farmer takes a loan of ₹8400 at the simple interest rate of 7½% per annum. After what time will he have to pay ₹10920 to clear the debt?

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Answer 1

Step-by-step explanation:

loan taken 8400

interest per annum 7.5 =630

630x4=2520

debt =10920 =630x 4

it took 4 annums to pay the debt

Answer 2

Answer:

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