rs 10000 is borrowed at 3.5 % rate of interest per annum for 3 years. find amount to be paid at the end of 3 years
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Answer:
principal amt = 10,000
rate of interest = 3.5% p.a.
time = 3 years
3.5% of 10,000 = rs. 350
350 × 3 = 1,050
10,000 +1050 = 11,050
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