loan ?
(b) By taking some money as loan from a
cooperative society a man bought a pump
set for agriculture. Just after one year he
took the same amount of money as loan
from a bank. 4 years after the first loan
cooperative society the loan with interest.
At the same time if he would repay the
loan of the bank with interest how much
money he would have to pay ? The simple
interest of the society and the bank are
8% and 12%.
he repays by giving R36864 of the
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This is correct
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