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A man borrows 6,000 at 5% per annum compound interest. If he repays 1200 at the end of each year, find the amount of loan outstanding at the beginning of the third year. |
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Answer» 1,200 = RS. 4,155. HENCE, the AMOUNT of the loan outs TAN ding at the beginning of the third YEAR is Rs. 4,155. |
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