Ratna took loan RS 25000 from bank interest 8% she have to save to pay bank after 2 years to discharge
Her debt
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Principle amount = P = ₹25,000
Rate of interest = R =8%
Time = t = 2 years
Simple Interest = SI = PRT/100 = 25,000*8*2/100 = ₹4,000
Therefore, the amount she has to repay is 25,000+4,000 = ₹29,000
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