A sum of money is lent at 8 per annum compound interest.if the interest for the second year exceeds that of first year by rs12.8,find the sum lent
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Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
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