Question

Jaimin takes Rs. 10000 at 12% per year as rate of interest, for 2 years. How much interest he

has to pay at the end of two years?
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Answer 1

Answer:

for first year the rate of interest is 12% and amount is 10000 rupees so total money for first year with 12% interest is

10000 multiply 12/100 plus 10000

=11200

and for second year

the total amount will be

11200 multiply 12/100 plus 11200

Step-by-step explanation:

11200 plus 1344

12544 rs