Maria borrowed $ 1400 from a bank at the rate of 6% (p.a.) for 8 years. Find the amount she paid back to the bank at the end of 8 years.
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Step-by-step explanation:principle = $1400
time = 8.5 years
rate of interest = 6%
Simple Interest = P×T×R ÷ 100
= 1400×8.5×6 ÷ 100
= 714
Amount = Principle + Simple Interest
= 1400+714
= 2114
therefore, Maria will return ₹2114 .
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