John borrowed Rs 20,000 for 4 years under the following conditions : – InterviewSolution

InterviewSolution

1.	John borrowed Rs 20,000 for 4 years under the following conditions : 10% simple interest for the first 2(1)/(2) years. 10% C.I. for the remaining one and a half years on the amount due after 2(1)/(2) years, the interest being compounded half-yearly. Find the total amount to be paid at the end of fourth year.
Answer» ANSWER :RS 28,940-63

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