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A man borrowed Rs 8000 from a bank at 8% per annum. Find the amount he has to pay after 4 ½ years. |
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Answer» Given Principal amount P = Rs 8000 We know that simple interest = (P × T × R)/100 On substituting these values in above equation we get SI = (8000 × (9/2) × 8)/100 = Rs 2880 = Rs 8000 + 2880 = Rs 10880 |
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