to renovate his shop Gautam borrowed rupees 16000 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
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Step-by-step explanation:
P=16000
3yr
15%
Interest=45%of16000=7200
Amount=P+interest
16000+7200=23200
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