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Payal took loan of Rs. 12,000 for parlour from a nationalized bank. Howmuch amount she will repay after 2 years 6 months at annual rate of 8%When interest is accumulated annually100% when |
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Answer» interest=p×r×t/1002years 6months = 30monthsinterest = 8 × 12000 × 30/100it will cancelled8×120 × 30= 1460×30=43800 |
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