Rohit borrowed rupees 24000 at 7.5 percent per year . How much money will he pay at the end of 4 years to clear his debt
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Answer:
Interest grown after 4 years = 24000×(7.5/100)×4
So the amount he has to pay =
24000 + 24000(7.5/100)×4
=24000 + 7200 = 31200
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