17. Calculate the extra amount

Sunil borrowed \(₹\)35588 from Rahul for 4 years at a simple interest rate of 7\(\%\) per year. What extra amount would Sunil have to pay if he had lent this money at a compound interest rate of 7\(\%\) per year? (Use: ${1.07}^4$ \(\approx\) 1.07)

 

Answer:

 

The extra amount Sunil have to pay Rahul \(=\) \(₹\).

 

[Note: Enter the answer up to \(2\) decimal places.]