reshma takes a loan of Rs 8000 at 5% per year as rate of simple interest from Rakhi how much money will Rakhi get after two year
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9
Reshma takes a loan of 8000 of interest 5%
5%of 8000
=5/100×8000
=400
Reshma has to pay 8400 on 1 year
Therefore,After 2 year Reshma has to pay 8800
Therefore,Rakhi will get 8800 after 2 year
Hope this help you
Answered by
1
formula = P×R×T
800×5×2/100
= 80
formula = P×R×T
P = 800
R = 5%
T = 2 years
800×5×2
100
800×5×2 =8000
8000/100
= 80
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