Question 2
Rani takes a loan of ₹4000 at 12% annual rate of interest from Mahila Cooperative Bank for buying a sewing machine. Find that how much amount Rani has to pay in 1 year.
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1
Answer:
480
Step-by-step explanation:
Principle amount=4000
Rate of interest=12%
Time=1
Interest =PRT/100
=4000x12x1/100
=40x12
=480
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