ATQ, The total rate of interest at 6 % for a period of 2 years = 12.36% If Rate of interest becomes time, so time period = 6years Time period becomes rate, rate= 2% Total rate of interest at SI= 6 × 2% = 12% Difference in rates = 12.36% − 12% = 0.36% Therefore required Amount Funded by Arman will be = (2088/0.36) × 100% = Rs.580000
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