10. A man borrows Rs. 1,00,000 from a firm and under the agreements he agrees to pay Rs.5000 at the end of each 6 months together with an interest of 1% on the opening balance of each period. Find the total interest he pays on clearing the loan.
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He pays back his debt in 20 instalments and pays 1000 at the rate of 1% interest after each instalment so he pays 20000 as interest until clearing debt.
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