Ajay borrowed Rs 4,500 for 9 months . find the amount to be paid at the rate of 12%per annum
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Answered by
1
Answer:
6000 rupess is the correvct answer
Answered by
1
Answer:
Rs.405
Step-by-step explanation:
Given Principal = Rs 4500, Rate of Interest = 12% per annum and Time = 9 months = 0.75years
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (4500 × 0.75 × 12)/100
= Rs 405
hope this helps...
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