8. Amit borrowed 7500 from his friend at 5% per annum on 25th July 2015. He returned the money on
28th February 2016. How much amount did he pay to his friend?
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Answer:
7718.75
Step-by-step explanation:
7500 + 7/12 of 5% of 7500
= 7500 + 7/12 of 375
= 7500 + 218.75
= 7718.75
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