Rajni took a loan of ₹ 86,000 at 6% simple interest for 3 years. To repay the loan she paid ₹ 85000 and a gold ring, find the price of the ring.
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Answer:
Rs. 16,480
Step-by-step explanation:
SI = PTR/100
Which is,
86000×3×6/100
860×3×6=15480
Therefore, the amount will be 86000+15480
101,480
Price of the ring will be:
101480-85000=16,480
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