Question

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?
​

Answer 1

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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