Reena borrowed 12,000 from Jamshed at 6% per annum simple interest for two years. Had she borrowed this sum at 6% per annum compound interest, what extra amount would she have to pay?
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Answer:
Rs 43.2
Step-by-step explanation:
firstly you have to find S.I by P.R.T formula and then you have to find C.I by P(1+r/100)-P formula.Then subtract the S.I from C.I
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