A man buys a music system valued at Rs.8000. He pays Rs.3500 at once and the rest 18 months later, on which he is charged simple interest at the rate of 8% per annum. Find the total amount he pays for the music system.

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Accepted Answer

Rs.8540

A man buys a music system valued at Rs.8000. He pays Rs.3500 at once and the rest 18 months later, on which he is charged simple interest at the rate of 8% per annum. Find the total amount he pays for the music system.

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