Mahesh took a loan of rupees 8250 at the rate interest of 6% per annum what is the total amount paid by Mahesh after 1 year
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Step-by-step explanation:
GIVEN
Principal=8250
Rate =6% per annum
Time =1 year
SIMPLE INTEREST=principal×time×rate
100
=8250×6×1
100
=495
AMOUNT = 8250+495 = 8745
₹8745 paid by Mahesh after 1 year
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