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. A man buys a house and pays 8000 cash and Rs. 9600 at 5 yearsCredit at 4% p.a. Simple interest. Find the cash price of the house.​

Answer»

SOLUTION :-THE AMOUNT of PAID in CASH=Rs.8000Amount paid in CREDIT =Rs. (9600+interes)simple interest =PRT/100=9600×4×5/100 = 1920Hence, the cash price of the house=Rs.(8000+9600+1920) =Rs. 19520



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