Question

Ramchand took a loan of 12,000 from his neighbour and agreed to repay it after 2 years at the rate of
8%
per annum, simple interest. At the end of 2
years,
his neighbour demanded an interest at the rate of
12%, what is the extra amount paid by the borrower?​

Answer 1

Answer:

960 rupees by the formula of simple interest

Answer 2

Answer:

Mark me as brainliest please