Find amount ; if principal = rs 6050,rate = 6.5% p.a, time = 3 years
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Answer:
7320
Step-by-step explanation:
Simple interest = Principal×Rate×Time(years)
SI = 6050×6.5%×3
= 1179.75
= 1180 (round off)
Amount = principal + Interest
A = 6050 + 1180
A = 7320
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