what annual payment will discharge a debt of Rs 6450 due in 4 years at 5% simple interest?
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Answer:
the simple interest formula:
SI = P*R*T/100
principle- 6450
rate - 5%
time - 4 years
Step-by-step explanation:
SI = 6450*5*4/100
=6450*20/100 = 6540/5
=1308
simple interest= rs 1308
amount= SI + principle
= 1308+6450
= rs 7785
hope this helps!!!!
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