12. Jayden took a loan from the State Bank of India at 12% per annum, compounded
annually. He paid it back in two equal instalments of 378,400 each. Find the loan
and the total interest paid by him. with explanation please
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SBI offers Home Loans with loan tenure upto 30 years, and the lowest EMI offered by the bank is ₹ 662 per lakh. The Lowest Rate of interest offered by SBI on Home Loan is 6.95% and is one of the most popular housing loans in India.
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