Mahesh Mahesh took a loan of 8250at the rate of interest of 6% per annum what is the total amount paid by Mahesh after one year
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P=8250
Interest=6%
Time =12 months that is 1 year
Simple interest =P×T×R/100
SI=8250×6×1/100
SI=82.5×6
SI=495
Total amount paid=
8250+495=8745Rs
Hope this helps you ☺️
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