Question

what amount should be returned on a loan of RS. 1200 for 2 yrs at a rate of 6 percent per annum. answer =1334

Answer 1

amount of loan = rs.1200
interest in one year =6% of 1200
= 6/100 x1200 = rs.72
interest in 2 years = 72 x 2 = rs.144
total amount after 2 years = 1200 + 144 = rs.1344

Answer 2

Answer:

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Step-by-step explanation:

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