sumit kumar borrowed a sum of 24000 from vishal dudi for 2 yrs at 15%p.a compounded annually find the amount sumit would pay back to vishal dudi?
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Answer:
31200
Step-by-step explanation:
SI=P×R×T
_____
100
24000×2×15
__________
100
240×2×15=7200
amount=principal+Simple interest
amount=24000+7200=31200
amount=31200
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