20. A man borrows R$ 12,000 at a compound interest rate of 8% per annum for 2 years. The lender
puts the condition that if the borrower fails to clear off his debt by the end of 2 years, he will
increase the rate of interest to 10% per annum. How much will the man have to pay at the end of 3
years to clear off his debt?
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Answer:
Total Compound interest at the end of 3 years = 1996.8+440
=2436.8 rupees
Step-by-step explanation:The answer is Given Above
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