Lata borrowed a sum of rs 2000 from a bank to purchase a sewing machine. If the rate of interest is 4% per annum, calculate the compound interests that Lata has to pay to the bank after 3 years.
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Answer:
interest=240
Step-by-step explanation:
SI=PTR÷100
=2000×3×4÷100
=20×3×4
=240
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