Yuvraj borrowed ₹30000 each from two banks for 3 years and 5 year respectively. Find the different interest paid by him if the rate of interest charged by both banks is 8%
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Answer:
His interest is 7200/- for 3 yrs and 12000/- for 5 yrs
Step-by-step explanation:
SI for 3 yrs=PRT/100=30000*8*3/100=7200
SI for 5 yrs=PRT/100=30000*8*5/100=12000
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