A borrower took Rs. 16000 from finance firm at 12 % p.a. for 2 years, find the interest and amount.
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Answer:
so the principal = 16000 rs.
interest = 12%
time = 2 years
S.I = prt/100
S.I = 16000×12×2/100
S.I = 3840 rs
therefore interest is 3840 rupees and amount = P+S.I = 16000+3840
A = 19840 rs
i hope it helps you
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