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?
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Answered by
1
Answer:
960 rupees by the formula of simple interest
Answered by
1
Answer:
Mark me as brainliest please
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