A man borrowed Rs.7,000 from a bank at 9 percent per annum. SI for higher studies of his son. What amount did he pay after 2 years 4 months
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amount will be principal + simple interest (prt÷100)
si- (7000×9×7)÷300
=1470
amount=7000+1470
=8470
si- (7000×9×7)÷300
=1470
amount=7000+1470
=8470
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