varun borrowed rs 35000 from bank at 6 p.c.p.a for 2 years .what amount he had to returned to bank
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Answer:
principal = 35000
Rate of interest = 6% p.a.
Time = 2 years
Simple Interest = P×R×T/100
= (35000×6×2/100)
= 4200 rupees
Amount = Principal+Simple Interest
= (35000+4200) rupees
= 39200 rupees
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