Rs. 1000 is borrowed at 3.5% rate of interest p.a for 3 years. Find the amount to be paid at the end of 3 years
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₹1,105
Step-by-step explanation:
SI = PxRxT
100
= 1000x3.5x3
100
= 10,500
100
= ₹105
Amount = Principal + SI
= 1000 + 105
= ₹1,105
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