the director of a company mr prakash plans to borrow money for his business expansion. he intends to borrow 12,600 from a bank which charges and interest of 10% compounded annually. calculate the total amount he has to pay at the end of 2 years, also find the CI.
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Answer:
15120
Step-by-step explanation:
Simple Interest = 12600×10×2/100
= 126×10×2
= 2520
= 12600+2520
= 15120
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