A sum of $2500 is borrowed at a rate of 12% per annum for 3 years. find the simple interest on this sum and also the am
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Answer:
Given: P=2500,R=12%, T=3years
SI=
100
PRT
=
100
2500×12×3
=900
∴ Amount to be paid after 3 years is 2500+900=Rs.3400.
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