Subhalaxmi took a loan of Rs.18000 from surya Finance to purchase a Tv set .If the compound interest at 12% per annum during the first year and 12% per annum during the second year 1, how much will she have to pay after 2 years .
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Answered by
1
SI=18000×12×12/100
=2172
2nd year= 2172
amount=18000+2172+2172
=22344
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Answered by
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Step-by-step explanation:
ANSWER
For r=12%$,P=Rs.18000
A=18000(1+
100
12
)
1
=Rs.20,160
For r=12.5%$,P=Rs.20,160
A=20000(1+
100
12.5
)
1
=Rs.20,160=Rs.22,680
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