find the amount of loan of rs 6000 at 8/per year and for 10year
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Answer:
Firstly, let be find the simple interest-
Principal=Rs.6000
Rate of interest=8%
Time=10 year
S.I=p×r×t/100
=6000×8×10/100
=4800
Let be find the amount-
Amount=S.I + Principal
=4800+6000
=10800 Ans....
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