Ram borrowed Rs. 8000 at `3(1)/(2)%` per annum compound interest for his family needs. How much amount does he have to pay to clear the debt at the end of one year and three months ?A. Rs. 8352.45B. Rs. 8532.45C. Rs. 8253.54D. Rs. 8352.54

Ram borrowed Rs. 8000 at `3(1)/(2)%` per annum compound interest for h

1.	Ram borrowed Rs. 8000 at `3(1)/(2)%` per annum compound interest for his family needs. How much amount does he have to pay to clear the debt at the end of one year and three months ?A. Rs. 8352.45B. Rs. 8532.45C. Rs. 8253.54D. Rs. 8352.54
Answer» Correct Answer - A (i) Use formula. (ii) `A=P(1+(R_(1))/(100))(1+(R_(2))/(100)),R_(2)=(3)/(12)xx(7)/(2)%`

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Ram borrowed Rs. 8000 at `3(1)/(2)%` per annum compound interest for his family needs. How much amount does he have to pay to clear the debt at the end of one year and three months ?A. Rs. 8352.45B. Rs. 8532.45C. Rs. 8253.54D. Rs. 8352.54

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