abc bank offers loans at low rate of interest to entrepreneurs who wish to set up a small scale industry in the backward areas. Ravi borrowed Rs200000 for 1½ years at 10 % p.a. compounded half yearly to start a weaving unit in his village. Find the amount he has to pay
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ABC bank offers loans at low rates of interest to entrepreneurs who wish to set up small scale industries in the backward areas. Ravi borrowed 2,00,000 for 2 years at 5% pa. compounded annually to start a weaving unit in his village. Shyam borrowed 1,00,000 for 3 years at 4% pa. compounded annually to set up a poultry farm in his village. Find the amount cach has to pay. Which value of bank is reflected in this act
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