A sum of rs 50000 is borrowed at the a rate of interest 6% p.a for 146 days. Calculate simple interest and the amount to be paid at the time of maturity?
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Step-by-step explanation:
P = ₹ 50000
R = 6%
T = 145days = 2/5 yrs
S.I = (50000 × 7 × 2)/100×5
= ₹ 1200
Amount = 50000 + 1200 = ₹ 51200
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