Rehan deposited Rs 2500 in a bank that pays 8% per annum simple interest. Find the (2.5)
amount payable at the end of 2 years.
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Answer:
si = 2500*8*1/100 = 200
at the end of one year = 2700-800 = 1900
si = 1900*8*2/100 = 304
The balance = 1900+304 = 2204
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