(a) Arun took a loan of 3600 for
years with interest at the rate of 4% per
annum. Find the interest he pay
years. Also calculate the amount
he pays back after 1 years.
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Answered by
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Answer:
we have,
principal=3600
time= 1 year
rate of interest = 4%
S.I = pTR/100
=3600*4*1/100
=144
Amount=P+I
=3744
He pays back after 1 year 3744.Rs
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