mr. sharma borrowed ₹ 4500 from a bank at a rate of interest 1 1/4 % per month .How much interest will he after 1 1/4 ?
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Answer:
P = 4500
R = 1 1/4% = 5/4%
T = 1 1/4 = 5/4 years
SI = P X R X T
= 4500 X 5/400 X 5/4
= 70.3125
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