900 for 2 year 4 months at 4% per annum
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Answer:
principal is equal to 900
time is equal to 2 year 4 months
total months in one year is equal to 12
= 2 years 4 months is equal to (12×2)+4 months
24+4 months
28months
rate is equal to 4% per annum
the formula for interest is equal to prt upon hundred
is equal to 28×4×900/100
is equal to 100800/100
interest is equal to 1008
total amount is equal to 900 + 1008
amount is equal to 1908
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