using formula calculate the amount when principal 34000 rate 17% and time 2 years
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Step-by-step explanation:
First we will find out the simple interest in order to find the amount.
- SI= Principle× Rate× time upon 100
- the answer will be 1156
- Then Amount = Principle - Interest
- Amount= 34000 - 1156
- Therefore, Amount = 32844
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