A sum of rupees 6900 is lent for 2 years at the rate of 3% per annum. The interest gained after 2 years is rupees?
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Answer:
principle = 6900
time = 2 year
rate = 3% per annum
interest gain after two year = Interest = p×t×r/100
I = 6900×2×3/100
I = 414
So, interest after 2 year a man will pay 6900 with 414 .
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