kailash borrowed rs 20,000 from a person on simple interest. how much amount will kailash pay him if he returns it after 2 years with simple interest at the rate of 12%per annum
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Answer:
₹4800
Step-by-step explanation:
P=20,000 T=2 YEARS R=12%
SI=P×T×R/100
SI=20,000×2×12/100
=200×2×12(ZEROS FET CANCELLED)
=4,800
SI= ₹4800
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