Rohit borrowed Rs.7000 from a bank at 9% per annum for higher studies. What amount he has to pay after 2 years 4 months.
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Answer:
8470
Step-by-step explanation:
Interest = P*r*s /100
= 7000 * 9 * 28/12 /100. ( 2year4month= 2*12 + 4 = 28 months = 28/12 year)
= 1470
Amount = 7000 + 1470 = 8470
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