Question

Anil borrowed rupees 18000 from Rakesh at 8% per annum simple interest for 2 years if Anil had borrowed this sum at 8% per annum compound interest what extra amount would he has to pay ​

Answer 1

Answer:720

Step-by-step explanation:

P=18000,r=2,i=8

=P*R*I/100

=18000*2*8/100

=180*2*8

=17280

Ans=18000-17280

=720.

Answer 2

Step-by-step explanation:

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