Please solve the problem
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Principal (P) = Rs.24000
Rate (R) = 7.5% P.A.
Time (T) = 4 Years
S .I . =P×T×R100 =Rs.24,000×4×7.5100 = Rs. 240×4×7.5 =240×30=Rs.7200
Amount needed to clear the debt at the end of 4th year
= Rs.24000 + Rs.7200 = Rs.3,1200
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