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Step-by-step explanation:
Given:
Present value =₹25000
Interest rate =8% per annum
Time =2 years
To find the amount we have the formula,
Amount (A)=P(1+(r/100))
n
Where P is present value, r is rate of interest, n is time in years.
Now substituting the values in above formula we get,
∴A=25000(1+8/100)
2
⇒A=25000(108/100)
2
⇒A=25000(1.08)
2
⇒A=25000(1.1664)
⇒A=₹29160
Hence, Ratna has to pay ₹29160
Answered by
0
Answer:
Amount = P+ SI
Si = P*R*T/100
= 50000*12*3/100
= 18000
= 50000+18000
=68000 Answer.
I hope it is helpful.
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