1.

Rakesh borrowed ₹ 60,000 at 12% per annum compound interest. If he pays 50% of the sum borrowed at the end of the first year and 50% of the remaining loan at the end of the second year, then find the amount of loan outstanding at the beginning of the third year.

Answer»

Rakesh borrowed ₹ 60,000 at 12% per annum compound interest. If he pays 50% of the sum borrowed at the end of the first year and 50% of the remaining loan at the end of the second year, then find the amount of loan outstanding at the beginning of the third year.




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