Ms.Rashmi wants to buy an electric scooter. She borrows ₹50,000 from a city lender at 5% per annum for the period from 5thMarch 2021 to 17thMay 2021.(i) Calculate the simple interest and (ii) The amount she needs to pay to the lender.(Hint: The day on which money is deposited is not counted while the day on which money is withdrawn is counted)
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Answer:
x+y=25
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