Question

17. Gautam takes a loan of 16,000 for 2 years
at 15% p.a. compound interest. He repays
9,000 at the end of first year. How much
must he pay at the end of second year to clear
the debt?​

Answer 1

Answer:

Here is your answere.

Gautam takes a loan of rupees 16000 for 2 years at 15% per annum compound interest. he repays ... Interest on 1st yr = p*t*r/100 ... He returns 9000 ... The amount to be paid at the end of 2nd year = P+I

9400+1410

=10810

Hope this helps you friend..........