A sum of 2500/- is borrowed at a rate of 12% annum for 3 year. find the simple interest on this sum and also the amount to be paid at the end of 3 years?
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Given: P=2500,R=12%, T=3years
SI= PRT/100
=2500 x 12 ×3 whole upon 100
=900
∴ Amount to be paid after 3 years is 2500+900=Rs.3400.
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