Question

A person borrowed Rs. 500 at the rate of 5% p.a. simple interest. What amount will he pay to clear the debt after 4 years?
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Answer 1

Answer:

p=500

r=5%

t=4

I=500×5×4/100

= $100

amount=500+100

=$600

Answer 2

Answer:

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Step-by-step explanation:

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