A borrowed a sum of ₹3,000 from his friend B on 31 December 2007 on the condition that he would return the same after one year with simple interest at 15% per annum. However, A gets into a position of returning the sum on 31 August 2008. How much amounthad to return to B?
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Answered by
0
Answer:
₹4350
Step-by-step explanation:
A = P (1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
A = 3000(1+15% × 3)
= 3000 (1+ 0.45)
= 3000 × 1.45
= ₹4350
Answered by
0
Answer:
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Step-by-step explanation:
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