please answer it correctly in a paper and show please so I can understand easily
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Answer:
Given: principal = 75000, rate = 8%, time = 3 years
S.I = 75000*8*3/100
S.I = 18,000
Amount = principal + interest
Amount = 75000 + 18000
Amount = 93000
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↦ In the given Question we have been told to calculate the SIMPLE INTREST ( S.I. ) now as we can see that Joseph has borrowed Rs. 75,000 means the amount borrowed by Joseph will be the Principal ( P ) the Rate of interest ( R ) will be 8% p.a. and the Time period ( T ) will be 3 year's .
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