MathematicsThe total amount that has to be paid after two years if a principal amount of Rs. 4000 is taken as a loan at a rate of interest of 7.5% per annum is ₹[[1]]. (Assume the interest is simple).

The total amount that has to be paid after two years if a principal amount of Rs. 4000 is taken as a loan at a rate of interest of 7.5% per annum is ₹[[1]]. (Assume the interest is simple).

Solution:

SI=PRT/100=

\frac{4000 \times 7.5 \times 2}{100} = 600

Amount=₹(4000+600)=₹4600

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