Mathematics
A man borrows ₹6000 at 5% compound interest. If he repays ₹1200 at the end of each year, find the amount outstanding at the beginning of the third year.
Related Questions
The simple interest on a certain sum of money for 2 years at 10% per annum is ₹1600. Find the amount due and the compound interest on this sum of money at the same rate after 3 years, interest being reckoned annually.
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