Question

A man borrows Rs 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 wil
increase the rate of interest to 10 per annum. How much will the man have to pay at the end of
years to clear off his debt
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Answer 1

Answer:

8 % of interest : 1920

10 % of interest : 2400

Step-by-step explanation:

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