Hari borrowed ₹450 from at 6℅ per annum he returned the amount after 8 month how much money did he pay
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Hari has to pay a total of Rs, 468 after 8 months.
Explanation:
8 months is equivalent to: 8/12=2/3 year.
Yearly interest 6%, so interest for 2/3,year=
450(6/100)(2/3)= Rs. 18
Total money he has to pay = principal +interest =450 +18=Rs. 468
Explanation:
8 months is equivalent to: 8/12=2/3 year.
Yearly interest 6%, so interest for 2/3,year=
450(6/100)(2/3)= Rs. 18
Total money he has to pay = principal +interest =450 +18=Rs. 468
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