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P = Rs 12000
R = 6% per annum
T = 2 years
To find the compound interest, the amount (A) has to be calculated.
∴ C.I. = A − P = Rs 13483.20 − Rs 12000 = Rs 1,483.20
C.I. − S.I. = Rs 1,483.20 − Rs 1,440 = Rs 43.20
Thus, the extra amount to be paid is Rs 43.20.
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