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How much will be the amount to be paid a...

How much will be the amount to be paid after 2 years on a borrowing of Rs. 4000 at an interest of `10%` per annum?

Text Solution

Verified by Experts

The correct Answer is:
Rs. 4800
Interest to be paid `=4000xx(10)/(100)xx2`
Amount to be paid `= 4000+800`
`=Rs.4800`
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