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1) Raj borrowed Rs 1200 for 3 years at 7% interest. Find the amount due from him

Answer»

Given,Principal amount P = 1200, Rate of Interest = 7%, Time period T = 3 years, SI = Simple Interest

SI = P*R*T/100SI = 1200*7*3/100 = 252

Therefore, Amount due from him = 1200 + 252= Rs 1452



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