Question

10. Mohit borrowed a certain sum at 5% per
annum compound interest and cleared this
loan by paying * 12,600 at the end of the first
year and * 17,640 at the end of the second
year. Find the sum borrowed.
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Answer 1

Answer:

12600.p=12000 Amount with the interest paid at the end of second year=17640. total sum borrowed=12000+16800=28800