plz helpmeI need explanationplzzz answerbest answerwill be the brainliest
there s two question you can answer any of them which you know
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Base amount: ₹20,000.00
Interest Rate: 8% (yearly)
Effective Annual Rate: 8.16%
Calculation period: 1 year
Interest ₹1,632.00 Total ₹21,632.00
Base amount: ₹2,000.00
Interest Rate: 16% (yearly)
Effective Annual Rate: 16.99%
Calculation period: 0.5 years
Interest ₹1,632.00 Total ₹21,632.00
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hope above attachment will help u❣️
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