Question

I borrowed Rs.12,000 from Jamshed at 6% per annumSimple interest for two years had I borrowed this sum at 6% per annum compound interest what extra amount would I have to pay

Answer 1

principal=12000 rupees
r%=6%
T=2yrs
amount=

$12000 \times(1 + \frac{6}{100}) ^{2}$
Therefore
compound interest =(12000-1440)
=10560 rupees
it can help you

Answer 2

Answer:

Step-by-step explanation: