Riya bought a music system for `8000 on credit. The rate of interest for the first year
is 5% and for these scond year is 10%.How much will it cost if she pays the amount after 2
years?
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Answer:
Simple Interest = Principal x Rate x Time /100 = 8000x10+5x2/100 = 8000x15x2/100= 2400 . Thefore Cost of the music system after 2 years = 8000+2400= rupees 10400
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