Mr. cyrus borrowed 2 000 000 for the expansion of his business. The effective rate of interest 7%. The loan is to be repaid in full after one year . How much is to be paid after one year ?
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Answer:
2140000
Step-by-step explanation:
7% of 2000000 = 1,40,000
20,00,000+1,40,000= 2140000
Grand Answer = 2140000
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