Question

. I borrowed sum of Rs 12000 at 6% per annum compound interest, what amount would I have to pay after 2 years? *

1 point

Rs 13483.20

Rs 14383.20

Rs 13438.20

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Answer 1

wait a second

I'll check in my book

Answer 2

Answer:

Given P=Rs.12000N=2R=6%

S.I.=100PNR

SI = 10012000×6×2=1440

A=SI+P=1440+12000= Rs. 13440

Compound interest:

A=P(1+100r)n

=12000(1+1006)(2)

=12000(1.1236)

=Rs.13483.2

Amount =Rs.13483.20

CI=A−P=13483.20−12000

=Rs.1483.20

Extra interest =13483.20−13440=Rs.43.20

Step-by-step explanation: