Using the formula, calculate the amount, when: Principal = 20,000, Rate = 15% per annum, Time = 3 years.
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Rs. 29,000
Step-by-step explanation:
P = Rs. 20000 , R = 15 , T = 3
SI = P × R × T / 100
= 20000 × 15 × 3 / 100
= Rs. 9000
Amt = P + SI
= Rs. 20000 + 9000
= Rs. 29000
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