Q. 4. I borrowed 12,000 from Jamshed at
6% per annum simple interest for 2 years Had
I borrowed this sum by 6% per annum
compound interest, what extra amount would I
have to pay ?
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Q. 4. I borrowed 12,000 from Jamshed at
6% per annum simple interest for 2 years Had
I borrowed this sum by 6% per annum
compound interest, what extra amount would I
have to pay ?
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Answer:
i borrowed the money 12000 from jamshed 6%interest x +y. 12000 *6 60000 per annum