Ratna obtained a loan of ₹ 25000 from the Syndicate bank to renovate her house. If the rate of interest is 8 % per annum, what amount will she have to pay to the bank after 2 years to discharge her debt?
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Answer:
29000
Step-by-step explanation:
A = P + S.I
= 25000 + 25000*8*2/100
= 25000 + 4000
= 29000
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