6. A bank gives home loan at a rate of 9 % per annum. But Sahil borrowed a sum of money at the rate of 10% per annum from his friend Rohan. If he paid Rs. 1866 as interest for 2 years. Find the sum. If he borrows the same amount from the bank, also finds the interest he would have paid to the bank after 2 years.
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Answer:
Amount borrowed = 9,330
amount of interest (bank)=1679.5
total amount to paid bank =11,009.5
after 2 years
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