Find the amount to be paid back by Nagesh if he borrows rupees 5000 for 3 years at 2 percent p. a.
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Answer:
rs.5300
Step-by-step explanation:
formula for interest :- pnr/100
=5000×3×2/100
=30000/100
= 300
ANSWER = total amount to be paid = 5000+300
= 5300
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