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Math
Lauren Reed

₹6,000 is borrowed at the rate of 8 % p.a find the simple intrest and amount to be paid after 3 years?​

answers: 1
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Answer:

Simple interest ;

I=

100

PTR

=

100

6000×3×8

=1440.

Interest at the end of 3years=1440.

Compound Interest :

A=p(1+

100

r

)

n

=6000[1+

100

8

]

3

=7558.272

Interest =7558.272−6000=1558.3

Gain =15558.3−1440=118.3Rs.

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