I barrowed Rs 12ooo from Jamshed
at 6% per annum simple interest for
2years. Had I barrawed this seen at
6 p%. per annum compound interest, what extra amount would i have pay
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Answer:
Amount Paid at Simple Intrest will be
PRT/100
= 1440₹
Amount paid by Compound Interest
will be 1483.2
extra Amount pait = 1483.2-1440 = 43.2₹
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