Mathematics
Amit borrowed ₹ 20,000 at 12% per annum compound interest. If he pays 40% of the sum borrowed at the end of the first year and 40% of the sum borrowed at the end of the second year, find the amount of loan outstanding at the beginning of the third year.
Related Questions
A certain sum of money amounts to ₹ 4,500 in first year; to ₹ 5,175 in second year and to ₹ 6,210 in third year.Find the rate of interest for the (i) second year (ii) third year.
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