What will be the amount to be repaid on a loan of ₹ 5,00,000 for 3 years at 10% per annum compounded annually?
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Answer:
5,24,000
Step-by-step explanation:
simple interest =5,00,000×3×10 by100
answer=24,000
amount = 5,00,000+24,000
=5,24,000
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