A man borrow ₹450 and pays simple intrest at 4% per annum. How much must he pay to clear the debt at the end of 2nd year
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Answer= ₹486
Step-by-step explanation:
Principal=₹450
Intrest=4%
Time Period= 2 year
Simple Intrest= PRT/100
=450×4×2/100
=3600/100
=₹36
Amount= ₹450+₹36
= ₹486
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