Question

Amit borrowed * 12000 from Raman at 6% per annum simple interest for 2 years. Had he
borrowed this sum at 6% per annum compound interest, what extra amount would he have to
pay?​

Answer 1

Answer:

P =12000

R = 6%

T=2years

SI= p*r*t /100

SI =12000*6*2/100

=1440 ans

amount = 1440+12000

=13440 ans

I hope my ans is right