meena tooka loan of rupees 250000 for buying a car from State Bank of India She paid it after 3 years what amount did she paid to the bank after 3 years if rate of interest is 10.5%p.a.
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Simple intrest -
250000 * 3 * 10.5 / 100
2500 * 3 * 10.5
78750 rupees
Repay - rupees 328750
Compound intrest
repay - 337308.15 rupees
Hope my answer helsp!
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