A man borrowed Rs.2000 from Axis Bank for a period of 4 years. Find
the amount he would pay if the interest is 6% per annum. He purchased a
cow of Rs. 3440.How much money does he needs?
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Answer:
p=2000
r=6%
t=4
p×r×t/100
2000×6×4/100
48000/100
480
amount=3440+480
3920
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