Question

25. A man borrows Rs 5,000 at 12% compound interest per annum, interest payable every 6 months.
He pays back Rs 1,800 at the end of every six months. Calculate the third payment he has to make
at the end of 18 months in order to clear the entire loan.​

Answer 1

Answer:

3,710 - Rs. 1,800 = Rs. 1,910. ∴ Interest = 1 , 910 × 12 × 1 2 × 100 = Rs.

Step-by-step explanation:

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Answer 2

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2,02,460 is the correct answer