23. A man borrows Rs 8,000 at a compound interest rate of 10% per annum. If he repays Rs 1,500 at the
end of the first year a

2 thoughts on “23. A man borrows Rs 8,000 at a compound interest rate of 10% per annum. If he repays Rs 1,500 at the<br />end of the first year a”

1. answer-4980

   explaination:

   amount to be paid at the end of two years will be=

   Amount after two years =

   8000(1+10/100)square=8000(1.1)square

   8000(1.21)=9680 Amount already

   PAID IN TWO YEARS IS (3250+1500)=4700

   THEREFORE AMOUNT OF LOAN OUTSTANDING AT THE BEGGINING OF THE THIRD YEAR WILL BE (9680-4700)=4980

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