Arun borrowed Rs . 5500 from his friend at 8% per annum . He returned the amount after six months . How much did he pay ?
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rs 300 is your answer
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Vikram borrowed RS 20000 from bank at 10% p.a simple interest . He lent it to his friend venkat at the same rate but compounded annually . Find his gain after 2 and 1/2 years.
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