Arun took a loan for 3/2 years with interest at the rate of 4% per annum. Also calculate the amount he pays back after 3/2 years
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Principal = Rupees 600
Rate % = 4%
Time = 3/2 years
Interest = Principal × Rate% × Time / 100
= 600 × 4 × 3/2 / 100
= 36
Amount = Principal + Amount
= 600 + 36
= 636 (Ans)
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jollysethy:
principal is there
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