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Answers
si = ptr/100
= 10000 * 6 * 2/100
= 1200
amount = si+ p
= 1200 + 10000
= 11200
excess amount to be paid is
11200 * 6/100
= 672
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Answer: 71.6 rupees
Step-by-step explanation:
i = prt/100 = 10000×6×2 /100 rupees = 1200 rupees
so, raghav have to give vismaya (10000+1200) = 11200 rupees in simple interest
and for compound interest,
A = p{(1 + r/n)^nt} = 10000{(1+0.06/12}^24} = 10000{(1+0.005)^24
= 10000×1.12716
= 11271.6
so , in compound interest the excess amount would he have to pay
= (11271.6 - 11200) rupees = 71.6 rupees