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A man borrows ₹5000 at 12 % compound interest payable every six months. He repays ₹1800 at the end of every six months. Calculate the third payment he has to make at the end of 18 months in order to clear the entire loan. |
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Answer» A man borrows ₹5000 at 12 % compound interest payable every six months. He repays ₹1800 at the end of every six months. Calculate the third payment he has to make at the end of 18 months in order to clear the entire loan. |
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