₹ 10,000 is borrowed at 5% rate of interest p.a. Find the amount to be paid at the end of 3 years.
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₹ 10,000 is borrowed at 5% rate of interest p.a. Find the amount to be paid at the end of 3 years.
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Answer:
Principe=Rs10,000
rate=5%
time=3years
simple interest =10,000×5×3/100
100×15=1500
amount =10,000+1,500
11,500