Question

arunbhai lent $8000 at 7.5% rate of interest what amount will he receive at the end of 2 years
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Answer 1

P = Rs 8000

R = 7.5%

T = 2 years

I = PTR / 100

= 8000 × 75 × 2 / 100 × 100

= 8 × 15

= Rs 120

•°• He will receive Rs 120

Answer 2

So he will receive rs9245 at the end of the 2 yrs.