A farmer
borrows 5,400 from the finance company to buy a buffalo. The rate of simple interest is 13% per
annum and he borrows the money over a 5-year period. Find the amount that the farmer must repay the
finance company.
Answers
Answered by
2
Answer:
your question is good
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Answered by
4
Answer:
=89100
Step-by-step explanation:
I=p×r×t/100
p=Rs54000
r=13%
t=5yrs
I=54000×13×5/100
I=35100
total amount to be paid=p+I
A=54000+35100
=89100
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