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If a man borrowed Rs 30,000, find he compound interest of the amount borrowed at rate of 2.5% per month per rupee for 3 months.

TheMiralce123 , 5 Years ago
Grade 10
anser 1 Answers
Saurabh Koranglekar
Dear student

3 months
n =3
p=30000
r=2.5

the compounding time is not mentioned considering annually

The compound interest is₹2,033.70

Regards

Last Activity: 5 Years ago
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