A borrows 12000 at 12% simple interest pa for 3 year ..B borrows same amount at 10% compound interest for same period ..how much B paid excess money
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compound amount =12000*110/100*110/100*110/100
=15972
15972-12000=3972
simple interest =12000*12*3/100=4320
4320-3972=348
=15972
15972-12000=3972
simple interest =12000*12*3/100=4320
4320-3972=348
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