ramesh lent 20,000 to his Friend at rate of 8% p.a. interest being compounded annually. how much money will he get back from his friend at end of 2 year 9 months
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P=20000,T=33/12,R=8%. so,PTR/100 =20000×33/12×8/100=4400(s.i). amount=20000+4400=24400(and).
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