Ram borrowed a sum of 2000 from his friend on 1 May at the rate of 5%. An emergency arose
and he again borrowed 1000 on 24 September at the same rate of interest. If he returned his
loan, along with the interest, on 6 December, how much was the total amount returned?
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Answer:
The loan he borrowed from his friend =3150
Because 5%of2000=100and 5% of 1000=rs 50
Then he pay with interest 2000+1000+100+50
=3150
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