Parul had a credit card balance of Rs 10,000 which carried a finance charge of 24% per annum. After 2 years, she won Rs 18,000 in a lottery and paid off the credit card balance. After paying off the debt, how much money did she have?
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Answer:3,200
Step-by-step explanation:
Simple Interest = P X T X R/100
=10,000 X 2 X 24 / 100 = 4,800
Total Amount to be paid = P + S.I
=10,000 + 4,800
=14,800
Therefore the money debited after paying the credit card balance = 18,000-14,800=3,200.
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