Find the interest on Rs.500 for a period of 4 years at the rate of 8 % per annum. Also, find the
amount to be paid at the end of the period.
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Answer:
Principal=Rs.500
Time=4years
Rate=8%p.a.
SI=P×R×T/100
=500×8×4/100
=Rs.160
Amount= P+SI
=500+160
=Rs.660
Amount is Rs.660
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