an entrepreneur borrowed 40 lakhs from a financial institution at an annual simple interest off 11% for a 7 year contract. what is the total amount of money should the entrepreneur pay to the financial institution after 7 years
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Loan Amount₹4,000,000
Interest Due₹1,753,270
Total Amount₹5,753,076
LOAN DETAILS PROVIDED BY YOU
Loan Amount₹4,000,000
Tenure7.0 Yrs
Interest Rate11%
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