Question

I borrowed rupees 12000 from Prasad at 6% per annum simple interest for 2 years had I borrowed this sum at 6% per annum compounded annually what extra amount would I have to pay​

Answer 1

p=12000

r=6%

n=2year

compound interest=p(1+r/100)^2

put the value

then 13483.2

extra amount would I have to pay =1483.2

Answer 2

Answer:

Step-by-step explanation: