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.

A man borrows 6,000 at 5% per annum compound interest. If he repays 12

1.	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.
Answer» <html><body><p>1,200 = <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 4,155. <a href="https://interviewquestions.tuteehub.com/tag/hence-484344" style="font-weight:bold;" target="_blank" title="Click to know more about HENCE">HENCE</a>, the <a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> of the loan outs <a href="https://interviewquestions.tuteehub.com/tag/tan-1238781" style="font-weight:bold;" target="_blank" title="Click to know more about TAN">TAN</a> ding at the beginning of the third <a href="https://interviewquestions.tuteehub.com/tag/year-1464599" style="font-weight:bold;" target="_blank" title="Click to know more about YEAR">YEAR</a> is Rs. 4,155.</p></body></html>