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Question
Find the amount to be paid at the end of 3 years in given case:
Principal = ₹ 7,500 at 5% p.a.
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Solution
Principal = ₹ 7500
Rate = 5% p. a.
Time = 3 years
Simple interest = `("Principal" xx "Rate" xx "Time")/100`
= `(7500xx 5 xx 3)/100`
= ₹ 1125
Amount = 7500 + 1125
= ₹ 8625
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