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Q.

Anita takes a loan of Rs. 5000 at 15% per year as rate of interest. Find the amount she has to pay at the end of 2 years.


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a

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b

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c

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d

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answer is D.

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Detailed Solution

Concept: Using the formula of simple interest Question Image we can get the answer by just putting the value where P is the amount (principal) at which rate of interest R will take place for a time period of T years. Use relation for calculating total amount after T years.
Using the above formula and putting the value given the question we can get the answer
Question ImageQuestion ImageTherefore, Anita has to pay Rs. 1500 as interest.
Hence, the correct answer is option (4).
 
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