naline borowed rs 500 from her friend 8% p.a see return after 6 months how much did he pay
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Step-by-step explanation:
Given Principal amount P = Rs 550
Time period T = ½ year
Rate of interest R = 8% p.a.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get SI = (550 × ½ × 8)/100 = Rs 22
Total amount paid after ½ year = Principal amount + Interest
= Rs 550 + Rs 22 = Rs 572
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