find the amount on ₹70,000 for 2 years at rate 8p.c.p.a.?
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Answer:
Principal = ₹70,000
Time = 2 years
Rate of interest = 8%p.a.
S.I. =
p×r×t
100
70000×2×8
100
=1120
Amount = P+S.I.
70000+1120
71,110
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