what is the answer of this question please me
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Step-by-step explanation:
Given That
Principal amount (P) = 40,000
Number of years (T) = 2 1/2 year
Rate of Interest (R) = 8 1/2 %
As per the Formula,
Interest paid = PTR /100
= 40000 × 5/2 × 17/2 ×1/100
= 40000 × 5 × 17/400
= 100 × 85
= ₹8500
Amount paid = 40000 + 8500
= ₹ 48,500
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