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Nalini borrowed Rs 550 from her friend at 8% per annum. She returned the amount after 6 months. How much did she pay? |
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Answer» Given Principal amount P = Rs 550 We know that simple interest = (P × T × R)/100 On substituting these values in above equation we get SI = (550 × ½ × 8)/100 = Rs 22 Total amount paid after ½ year = Principal amount + Interest = Rs 550 + Rs 22 |
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