P = 1400 R = 6% p.a. T = 8 years 5 months I = ? A = ?
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Answer:
principle = 1400
time = 8.5 years
rate of interest = 6%
Simple Interest - PxTxR÷ 100
= 1400x8.5x6 = 100
= 714
Amount = Principle + Simple Interest
= 1400+714
= 2114
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