A farmer takes a loan of 8400 at a simple interest rate of 7 whole 1 by 2 % per annum after what time he will have to pay 10920 to clear his debt
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Answer:
The answer is after 4 years
Step-by-step explanation:
The difference between both th amount will be interest.
so,10920-8400=2520(interest)
Formula dor the simple interest is :-
Simple Interest=Principal Rate Time
Put the value in the Formula
2520=8400 7.5/100 Time
2520 100=63000 Time
Time=4 years
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