A man borrowed 16,000 for 3 years under the following terms: 20% simp – InterviewSolution

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1.	A man borrowed 16,000 for 3 years under the following terms: 20% simple interest for the first 2 years. 20% C.I. for the remaining one year on the amount due after 2 years, the interest being compounded half-yearly. Find the total amount to be paid at the end of three years.
Answer» ANSWER :RS 27,104

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