to renovate his shop Gautam borrowed 16000 at 10% from Vijaya bank for 3 years at the rate of 15% per annum . what amount will he pay to the bank to clear his debt after 3 years
Answer is = 24334
step by step explanation
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Step-by-step explanation:
P=16000
3yr
15%
Interest=45%of16000=7200
Amount=P+interest
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16000+7200=23200
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