Find the interest on RS.500 for 4 years at the rate of 8%per annum.aslo, find the amount to be paid at the end
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Answer:
Step-by-step explanation:
Simple Interest = Rs. 160
Amount = Rs. 660
Step-by-step explanation:
Simple Interest = (Principal × Time (in years) × Rate)/100
Simple Interest = (500 × 4 × 8)/100 = Rs. 160
Amount = Simple Interest + Principal = 160 + 500 = Rs. 660
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