A man borrowed Rs 8000 from a bank at 8./. per annum. find the amount he has to pay after 41/2 year? Answer
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Step-by-step explanation:
Given,
Principal = ₹8000
Rate of interest = 8%
Time = 4 1/2 years = 9/2 years
Simple Interest = PTR/100
---> 8000×8×9/100×2
---> ₹2880
Amount = Principal + Simple Interest
---> 8000+2880
---> ₹ 10,880
Hope you understand
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