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  4. Calculate the amount, if Rs. 9900 borrowed for 4 years at 16 (2/3) % per annum at simple interest.

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Q. Calculate the amount, if Rs. 9900 borrowed for 4 years at $16 \frac{2}{3} \%$ per annum at simple interest.

Simple Interest and Compound Interest

Solution:

$\mathrm{P}=\mathrm{Rs} 9900 ; \mathrm{R}=16 \frac{2}{3} \%=\frac{50}{3} \%$ p.a; Time $=$ 4 years
$ \text { S.I. }=\frac{P \times R \times T}{100}=\frac{9900 \times 50 \times 4}{3 \times 100}=\text { Rs. } 6600$
$ \text { Amount }=\mathrm{P}+\mathrm{A}=\text { Rs. }(9900+6600)= \text { Rs. } 16500$