Ramesh borrowed ₹ 3,00,000 from a bank to renovate his shopfor 2 yea – InterviewSolution

1.

Ramesh borrowed ₹ 3,00,000 from a bank to renovate his shopfor 2 years. If the rate of interest is 5% per year compoundedannually. Calculate the amount that Ramesh has to pay.

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Answer:

30000

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