Verghese borrowed 16,000 rupees from a bank at 8% compound interest. A – InterviewSolution

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1.	Verghese borrowed 16,000 rupees from a bank at 8% compound interest. After 2 years, the interest rate was lowered to 6%. What is the total amount that Verghese has to repay at the end of 3 years?
Answer» Verghese borrowed 16,000 rupees from a bank at 8% compound interest. After 2 years, the interest rate was lowered to 6%. What is the total amount that Verghese has to repay at the end of 3 years?

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