Question

3. A man borrowed 16,000 for 3 years under
the following terms :
20% simple interest for the first 2 years.
20% C.I. for the remaining one year on the
amount due after 2 years, the interest being
compounded half-yearly.
Find the total amount to be paid at the end
of three years.
​

Answer 1

amount to be paid at the end if 3 yrs be 9760