Akshay borrowed Rs.1500 from a friend at the rate of 12% p.a. for 2
1/2
years. Find the interest and amount paid by him at the end of 21/2 years.
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Answer:
1950
Step-by-step explanation:
u know that simple intrest is equals PRT/100
= 1500×12×5/2÷100= 90000÷200=450
amount= principal + intrest = 1500+ 450= 1950
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