Maya took a loan for Rs 4500 at 5.5% of simple interest per annum for 4 months. Find the interest and the amount Sheela has to pay at the end of 4 months.
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73 days
Simple interest =
<br> where P is the principal amount , R is the rate and T is time.<br> 1. P=4500,R=4,T=0.5<br> applying in formula, simple interest=Rs.90<br> 2.1. P=12000,R=18,T=
<br> applying in formula, simple interest=Rs.720<br> 3.1. P=1000,R=10,T=0.2<br> applying in formula, simple interest=Rs.20<br>
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