Rs 1040 due 8 months hence at 6% p.a
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Answer:
46.8 rs interest and 1086.8 rs amount
Step-by-step explanation:
S.I = principal × time× rate/100
= 1040×3×6/100×4
=18720/100×4
=46.8 rs
amount=principal + interest
=1040+46.8
=1086.8 rs
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