Vasudev borrowed Rs.42,000 from a bank at a rate of 5% per annum .Find the simple interest to be paid at the end of 3 years.
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I=PxRxI/100
42000x5x3/100
=6300
Interest = 6300
Amount = P+I
=42000+6300
=48300
42000x5x3/100
=6300
Interest = 6300
Amount = P+I
=42000+6300
=48300
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