Ramesh took a loan of 8500 at the rate of interest 5% per annum. What is the total Amount
paid by Mahesh after 2 years?
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Answer:
principle = 8500rs
rate = 5%
time = 2 year
S.I. = P*R*T/ 100
8500*5*2 / 100
=850
8500+850 = 9350
so Mahesh have to pay = 9350rs
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