principal 62000, rate of interest 9%, time 3 month. What is the amount?
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Answer:
Amount = Simple Interest + Principal
Step-by-step explanation:
SI = P×R×T/100
3 Months = 1/4 yrs.
62000×9×1/4×1/100 = 155×9 = 1395
So SI = 1395.
P = 62000
Amount = 62000+1395 = 63395.
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