If loan is equals to rupees 275000 rate of interest is equals to 8% per annum time is equals to 4 year then find the amount to be repaid
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Answer:
amount of loan (principal)= 275000
rate =8%
time = 4 years
interest = p×r×t/100
= 275000×4×8/100
= 2750 ×32
= 88000
amount to be paid = amount of loan +interest
= 275000+88000
= 363000
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