9. A man borrows* 1500 at 3% per annum and pays back 3 500 after 3 years. How much
does he still owe (including interest?
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2
Answer:
3500-1500=2000rs. including interest
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So here we have. Simple interest =(P*T*R )\100= (1500*3*3)\100= 135. So he return 3500 so he owe = 3500-(1500+135) = 1865 so in total he owe 1865 including interest
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