Mr Chawla took a loan from the bank for rupees 640 at the rate 11% for 3 years at simple insert how much interest and amount will he have to pay back after the three years
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simple interest
640×11×3/100 = 211.2
total interest = 211.2
pay back after the three years
640+211.2
= 851.2 rupees
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Answer 85120
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